Education Reform Success, Ga., to price $105.64 million of COPs

By Sheri Kasprzak

New York, May 27 - Education Reform Success, Inc. of Georgia is expected to price $105.635 million of series 2011 certificates of participation, according to a preliminary official statement.

The offering includes $72.46 million of series 2011A taxable qualified school construction bonds and $33.175 million of series 2011B tax-exempt COPs.

The COPs will be sold on a negotiated basis with Citigroup Global Markets Inc. and Morgan Keegan & Co. Inc.

Proceeds will be used to construct, acquire, equip and furnish a new high school to replace North Atlanta High School. The new school has a planned capacity of 1,800 students.

Based in Atlanta, Education Reform Success provides financing for some school systems' buildings and equipment.

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