Edmonds School District No. 5, Wash., to sell $150 million G.O. bonds

By Sheri Kasprzak

New York, May 23 - The Edmonds School District No. 5 of Washington State is set to price $150 million of series 2014 unlimited tax general obligation bonds, according to a preliminary official statement.

The bonds (Aa2/AA/) will be sold on a negotiated basis with D.A. Davidson & Co. as the senior manager. The co-managers are Barclays and RBC Capital Markets LLC.

The bonds are due 2015 to 2033.

Proceeds will be used to improve safety, heating/ventilation, energy efficiency and other capital improvements, as well as to reduce class size for grades 1 through 6 at various schools within the district.

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