Loop Capital Serves as Senior Manager for San Antonio ISD
March 29th, 2011
On March 29, 2011, Loop Capital Markets served as senior manager on San Antonio Independent School District's $99.085 million Unlimited Tax Refunding Bonds, Series 2011. Proceeds were used to current refund select maturities of Series 2001 Unlimited Tax Refunding Bonds. Based on market conditions, the District was able to achieve $10.067 million in savings, or 9.71% of the refunded par amount. The District structured the savings generated from this transaction to manage the tax rate and mitigate tax rate increase.
