Milwaukee plans $225 million sale of school RANs on Tuesday

By Cristal Cody

Tupelo, Miss., Sept. 29 - The City of Milwaukee intends to price $225 million in school revenue anticipation notes, according to a preliminary official statement.

The series 2010M8 notes (/SP-1+/) have maturities on Dec. 29, 2010 and June 27, 2011.

The notes will price through a competitive sale on Tuesday.

Robert W. Baird & Co. is the financial adviser.

Proceeds will be used to finance the school's general operating needs pending receipt of school state aid payments from the state.

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