Cleveland Municipal School postpones $70 million G.O. BAN sale

By Cristal Cody

Tupelo, Miss., Sept. 23 - The Cleveland Municipal School District in Ohio postponed Tuesday's planned competitive sale of $70 million in bond anticipation notes, a market source told Prospect News.

The general obligation notes (MIG1) are due Sept. 30, 2009.

The notes will price when the market settles, the source said.

SBK-Brooks Investment Corp. and Fifth Third Securities are co-financial advisers.

Proceeds will be used to provide new money to acquire sites and to construct, renovate, furnish and equip school facilities.

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