By Aaron Hochman-Zimmerman
New York, June 2 - The El Monte Union High School District, Calif., priced $54 million series 2009A unlimited tax general obligation bonds at an all-in true interest cost of 5.458% (A2/A+/), according to Tony Ortega, assistant superintendant for business.
RBC Capital Markets Corp. acted as underwriter for the negotiated bonds, which have maturities from 2010 to 2034.
Proceeds will be used to fund modernization and new construction projects at existing school sites.
El Monte Union High School District is located in El Monte, Calif.
| Issuer: | El Monte Union High School District, Calif.
|
| Issue: | Series 2009A unlimited tax general obligation bond
|
| Amount: | $54 million
|
| Maturities: | 2010 to 2034
|
| All-in true interest cost: | 5.458%
|
| Underwriter: | RBC Capital Markets Corp.
|
| Type: | Negotiated
|
| Pricing date: | June 2
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A+
|
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