Mission CISD students to get unique, real-life lesson in bond refinancing

            Mission, Texas- Ten Mission Consolidated Independent School District (CISD) High School students with an interest in business and finance will be participating in a special seminar that is being incorporated into the formal refinancing/refunding of one of the district’s bond issues. The ten students will come from all three high schools: Mission Collegiate High School, Mission High School, Veterans Memorial High School.

            “We have been working on developing ideas to incorporate some of the business dealings of the district into real-world lessons for students,” explained Rumalda Ruiz, assistant superintendent for finance. “This is the first opportunity we have had and the other professionals involved in the bond refunding are excited to have our students participate.”

            The student seminar will be on Tuesday, October 11, beginning at 9:00 a.m. at the Plains Capitol Bank located on North 10th Street, McAllen. Students will get an introduction to municipal bonds, an introduction to Texas school finance, and then the bond underwriters call to discuss pricing with the students. The all-day seminar will also include participation in the underwriter’s preparation and bid, transaction summary preparation, review of the transaction, and preparation for the bond refunding presentation to the Mission CISD Board of Trustees that evening. The students will also be a part of that meeting presentation. The Board of Trustees meeting will begin at 7:00 p.m. in the Central Office Board Room.

Pictured are the student participants after their presentation was completed and they had received special certificates honoring their project.

# # #

Published