Apply online for 2018-19 school year at https://saisdchoice.com/.
SAISD high school students will get a front-row view of bond-trading without having to leave San Antonio!
What: High school students will get a front-row view of bond-trading without having to leave San Antonio! They’ll watch pros in action for the active trading of $145 million in SAISD bonds at Frost Bank, home of San Antonio’s only bond-trading floor
Who: - Lanier High School International Banking & Business Magnet students
- Don Frost, executive vice president of Frost public finance, and other Frost capital market experts
- SAISD superintendent Pedro Martinez, Trustee Debra Guerrero and finance executives
When: Thursday, May 19, 9:15–10 a.m.
9:15–9:45: Student tour of the bank
9:45–10: Capital Markets trading floor
Where: Frost Bank, 100 W. Houston Street
[From street level or Frost parking lot, take elevators to BK (Bank) level. Media need to go first to the seating area across from the safe deposit vault on the bank level, and then will be escorted to the trading floor.]
This is the third year that SAISD has provided students in Lanier’s business and banking program with the real-world learning opportunity of public finance.
With Frost as financial advisor to SAISD, and JP Morgan as lead banker, the District is refinancing outstanding bonds to take advantage of the current low interest rate environment and as part of the ongoing debt management strategy. The District is hoping to achieve approximately $7 million in savings through this transaction.
The sale, scheduled for May 19, follows other highly-successful bond sales by SAISD that have generated millions of dollars in interest savings annually for tax payers. Prudent financial management of SAISD’s debt portfolio has resulted in a tax rate that has been consistently lower than what was originally projected in the 2010 Bond election, which has resulted in $134 million in interest-saving tax-rate relief for our tax payers to date since December of 2010.
Lanier’s Business and Banking program provides an opportunity for students to learn first-hand what it is like to work in banking and business. Students work at an on-site Financial Service Center on campus that doubles as a classroom, as well as compete in academic contests and present at conferences to develop their leadership skills and confidence.
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