Davis School District, Utah, to sell $52.61 million G.O. bonds Feb. 15

By Sheri Kasprzak

New York, Feb. 4 - The Davis School District of Utah is set to sell $52.61 million of series 2011 general obligation school building bonds and refunding bonds on Feb. 15, according to a notice of sale.

The bonds (Aa2/Aaa) will be sold competitively with Zions Bank as the financial adviser.

The sale includes $45 million of series 2011A G.O. school building bonds and $7.61 million of series 2011B refunding bonds.

The 2011A bonds are due 2018 to 2031, and the 2011B bonds are due 2012 to 2014.

Proceeds will be used to construct, acquire and equip additional school facilities, as well as to refund the district's series 2001 and 2002B bonds.

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