DALLAS - The Tyler Independent School District will venture into the muni market on its own credit rating next week after the Texas Permanent School Fund reached its capacity limit for backing bonds.

The East Texas district plans to issue about $125 million of unlimited-tax school building bonds on Jan. 14 in a negotiated deal led by Merrill Lynch & Co. The debt, authorized by voters last November, will finance construction of five elementary schools in the growing district. The serial bonds will carry maturities from 2009 to 2034.

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