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FWISD Students to Witness $185 Million Bond Sale
What: FWISD students to witness live School Building Bond sale of approximately $185 million
When: Wednesday, April 11, 2018, 9 a.m.
Where: Fort Worth ISD Board Conference Room, 2903 Shotts Street, Fort Worth
Who: Superintendent Kent P. Scribner, Chief Financial Officer Elsie Schiro, District’s financial advisers, and 22 FWISD students
Summary: On Wednesday, April 11, 2018, Fort Worth ISD will sell its Unlimited Tax School Building Bonds, Series 2018. Totaling approximately $185 million, these bonds will fund capital improvements within the District.
The District has invited 22 FWISD students to attend Wednesday’s bond sale alongside the District’s Superintendent, Chief Financial Officer and financial advisers. By attending the pricing of the District’s Unlimited Tax School Building Bonds, Series 2018, students will be able to observe how academic finance is applied to a live transaction in order to achieve the most efficient financing for their District.
Fort Worth ISD recently was rated as AAA long-term rating and AA underlying rating by Standard and Poor’s Global Ratings. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating and underlying rating on the district's existing unlimited-tax GO debt. The outlook is stable.
These ratings affirmed the District’s good financial management practices which should enable the District to sustain its very strong financial position.
Members of the financing team will share their educational backgrounds and career paths, in addition to answering any questions from the students throughout the day.
The District and its financial advisers look forward to demonstrating a real-world application of mathematics and the positive effects of the financing on the students’ own community.
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