On Tuesday, May 5, 2026, SWS served as book‑running senior manager on Fort Bend Independent School District’s (the “District”) $317,610,000 Unlimited Tax School Building and Refunding Bonds, Series 2026A. This transaction represents SWS’s sixth senior‑managed engagement for the District since 2017.

Proceeds of the Bonds will be used to fund various school projects, refund a portion of the District’s outstanding commercial paper notes, and refund a portion of the District’s outstanding Series 2017A and Series 2017B bonds. Notably, SWS also served as the original book‑running senior manager on the District’s Series 2017A and Series 2017B bond transactions, with the Series 2017A bonds representing the first Texas school district bond transaction issued with a “Green Bond” designation.

In the weeks leading up to the sale, the municipal market experienced heightened volatility as investors reacted to news related to the conflict in Iran. SWS employed a flexible pricing strategy that closely monitored market conditions which allowed the transaction to be priced during a period of relative stability as the Strait of Hormuz entered a temporary ceasefire. In addition, SWS leveraged its institutional knowledge of the District, developed through a long‑term working relationship, to market the Series 2026A bonds to a broad and diverse investor base.

SWS is proud of its long‑term partnership with the District, supporting its efforts to raise low‑cost capital aligned with its mission “to inspire and equip all students to pursue futures beyond what they can imagine.”