SWBC Investment Services a Co-Manager for Donna ISD Bond

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Aug 22, 2023, 08:00 ET

SAN ANTONIO, Aug. 22, 2023 /PRNewswire/ -- SWBC Investment Services, LLC, announced it was named Co-Manager on a nearly $60 Million Donna Independent School District's Unlimited Tax School Building Bonds, Series 2023 Tax-Exempt Municipal Bond financing transaction. This bond is designated for educational facilities.

John Tuohy, CEO of SWBC Investment Services (PRNewsfoto/SWBC)

Issuer: Donna Independent School District
Issue: Unlimited Tax School Building Bonds, Series 2023
Security Type: Municipal Bond
Tax Treatment: Tax Exempt
Amount: $58,080,000
SWBC's Role: Co-Manager
Sale Type: Negotiated Underwriting
Sale Date: 7/18/2023
Settlement Date: 8/16/2023
Use of Proceeds: Educational Facilities

"We are thrilled to once again work with the syndicate of underwriters for the Donna Independent School District," said John Tuohy, CEO of SWBC Investment Services. "SWBC is based in Texas, and we will continue to work with local municipalities to help them find success with new bond issuance."

In 2018, SWBC Investment Services launched its public finance business for a diverse number of public entities, including cities and counties; higher education institutions; independent school districts; municipal utility, water, drainage, and special districts; and regional transportation districts. Since, the company has managed over $1 billion of new issue municipal bond financing transactions.

About SWBC
As a diversified financial services company, SWBC provides financial institutions, businesses, and individuals a wide range of insurance, mortgages, wealth management, employee benefits, and more. Headquartered in San Antonio, Texas, SWBC has partners and divisions across all 50 states and manages business around the world. No matter how wide its reach, SWBC always listens to our customers' needs, analyzes their current situations, and recommends customized solutions. For more information about our innovative approach to personalized service, visit SWBC's website at www.swbc.com. Securities offered by SWBC Investment Services, LLC, member SIPC & FINRA. Advisory services offered by SWBC Investment Services Company, a Registered Investment Advisor.

SOURCE SWBC