Chippewa Valley Schools, Mich., to sell $137.38 million of G.O. bonds

By Sheri Kasprzak

New York, March 5 - The Chippewa Valley Schools of Michigan plans to price $137,375,000 of series 2013 general obligation refunding bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Fifth Third Securities Inc. as the senior manager. The co-managers are J.P. Morgan Securities LLC, Stifel, Nicolaus & Co. and Comerica Securities Inc.

The bonds are due 2016 to 2034.

Proceeds will be used to refund the school system's series 2003 and 2005 G.O. bonds.

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