Despite a fluctuating bond market, Spring Branch ISD reports it was able to garner a good return on investment to turn its bonds into proceeds to advance numerous projects in the district.
The Stratford High School auditorium is a 1,000-seat facility which was built thanks to money raised from the Spring Branch ISD bond in 2017. The auditorium opened earlier this year.
The district claimed it took advantage of a “strong bond market” at the time and presented what it reported was the “largest bond issue in the district’s history and, on , was the largest in the market nationwide.” “I appreciate the great work of our financial advisors, Post Oak Municipal Advisors and Masterson Advisors, and our senior underwriter, Jeffries, on this bond sale,” said Christine Porter, associate superintendent of finance. “Their work, along with our district’s strong bond rating, led to lower interest rates that will save the SBISD community millions of dollars.”
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