Delaware County Community College plans to price $60 million insured bonds on March 5

By Cristal Cody

Springdale, Ark., Feb. 26 - Delaware County Community College plans to price $60 million bonds on March 5, the issuer said Tuesday.

The series 2008 college revenue bonds (A2) will be issued through the Pennsylvania State Public School Building Authority.

Wachovia Securities is the underwriter and was chosen through a bidding process in October, said John Glavin, vice president for administration and treasurer of the college.

The bonds are expected to be insured by FSA (Aaa).

Proceeds will be used to construct and equip a science, technology, math and engineering complex on the college campus in the Township of Marple in Delaware County.

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