TITLE

Some Texas School Firsts

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/30/2004, Vol. 350 Issue 32019, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on business development in Dallas, Texas. The School of Excellence of San Antonio, Texas, a K-12 charter school, is expected to go to market next week with a $9,165 million offering of double-B rated revenue bonds. The fixed-rate sale, tentatively scheduled for December 1, 2004 marks the first charter school deal in the state not financed by a Texas bank or sold in a private placement. Texas charter school bonds sold with non-investment grade ratings. All previous charter deals have come to market in the Lone Star State either nonrated or with ratings of at least triple-B minus.
ACCESSION #
15256278

 

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