School District of the City of Detroit to price $123.24 million bonds

By Sheri Kasprzak

New York, Dec. 7 - The School District of the City of Detroit is expected to sell $123.24 million in series 2009A unlimited tax school building and site general obligation bonds, according to a preliminary official statement.

The bonds will be sold through J.P. Morgan Securities Inc. and Siebert Brandford Shank & Co. LLC. The co-managers are Loop Capital Markets LLC, Citigroup Global Markets Inc. and PNC Capital Markets LLC.

The bonds are due May 1, 2025.

Proceeds will be used to purchase land and to construct schools at qualified schools within the district.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.