Bond Finances

Bond Finances: Your dollars at work

 

Funds from the $515 million bond will pay for improvements to schools across the district – Where some buildings are more than 100 years old and almost half are more than 50 years old.

SAISD has sold the first set of bonds, enabling the District to move forward on bond projects. The $151.4 million sell was issued through taxable Build America Bonds at a subsidized low interest rate of 3.89 percent, allowing for a $29.4 million savings over the life of the bonds.

Under Phase I of the restructuring plan, five schools will be consolidated, saving SAISD $100 million over a 10-year period. That money will be reinvested into the classroom.

Financial Updates

Bond Sale Announcement Financial Status Report 3/11

Rating Agency Reports

Fitch Ratings Report 12/8/10 Moody's Report 12/7/10 S&P Report 12/6/10

Fitch Ratings Update 3/24/11 Moody's Ratings Update 3/24/11

Fitch Ratings Update 8/19/11      Moody’s Rating Update 8/15/11

 

Investor Relations