Washoe County School District, Nev., plans $79.4 million of G.O. bonds

By Sheri Kasprzak

New York, Feb. 27 - The Washoe County School District of Nevada plans to price $79,395,000 of series 2012 general obligation bonds during the week of Feb. 27, according to a preliminary official statement.

The deal includes $73.24 million of series 2012A limited tax refunding bonds and $6,155,000 of series 2012B medium-term and refunding bonds.

The bonds (Aa2/AA) will be sold on a negotiated basis with Piper Jaffray & Co. as the lead manager.

The 2012A bonds are due 2018 to 2026, and the 2012B bonds are due 2012 to 2017.

Proceeds will be used to finance capital improvements to schools within the district, as well as for the current refund of the district's series 2002, 2005 and 2007B bonds and advanced refund of the district's series 2003A, 2003C and 2005A bonds.

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