Grand Rapids Public Schools, Mich., eyes $134.87 million bond offering

By Sheri Kasprzak

New York, Feb. 23 – The Grand Rapids Public Schools of Michigan is on tap to price $134.87 million of series 2016 school building and site and refunding bonds, according to a preliminary official statement.

The bonds will be sold through Stifel, Nicolaus & Co. LLC and Fifth Third Securities Inc.

The bonds are due 2017 to 2041.

Proceeds will be used to construct, equip and improve school buildings in the district, acquire sites for future school facilities and refund existing debt.

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