King County, Wash., schools to sell $60 million G.O. bonds June 26

By Sheri Kasprzak

New York, June 10 - King County School District No. 411, Wash., plans to price $60 million in series 2008 general obligation bonds, according to a preliminary official statement released by the issuer.

The bonds (Aa1) will be sold on a negotiated basis with Seattle-Northwest Securities as the senior manager.

Of the bonds, $20 million are due June 1, 2009 to June 1, 2012 and $40 million are due Dec. 1, 2020 to Dec. 1, 2025.

Proceeds will be used for capital improvements and construction costs.

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