Cleveland City School District to sell $113.44 million refunding bonds

By Sheri Kasprzak

New York, May 11 - The City School District of the City of Cleveland is set to price $113.44 million in series 2010 school improvement refunding bonds, according to a preliminary official statement.

The bonds (Aa2/AA-/) will be sold on a negotiated basis with RBC Capital Markets Corp. as the lead manager. The co-manager is Blaylock Robert Van LLC.

The bonds are due 2013 to 2030.

Proceeds will be used to refund outstanding bond anticipation notes, as well as to refund the district's series 2002 bonds.

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