New Issue: Reading School District, Pa., prices $100 million G.O. bonds

By Sheri Kasprzak

New York, July 15 - The Reading School District of Pennsylvania priced $100 million in series 2008 general obligation bonds on Tuesday, the issuer said.

The bonds (/A/) were sold on a competitive basis with Robert W. Baird as the winner. The true interest cost came in at 4.883946%. Concord Public Finance was the financial adviser.

The bonds are due from 2010 to 2034 and from 2036 to 2037 with term bonds due 2035 and 2038.

Coupons range from 3.5% to 5%, but the yields were not immediately available.

Proceeds will be used for the acquisition, construction, reconstruction, expansion, renovation, equipping and furnishing of school buildings.

Issuer:	Reading School District
Issue:	Series 2008 general obligation bonds
Amount:	$100 million
Type:	Competitive
Underwriter:	Robert W. Baird
TIC:	4.883946%
Rating:	Standard & Poor's: A
Pricing date:	July 15
Settlement date:	Aug. 26
Maturity	Type	Coupon
2010	Serial	3.5%
2011	Serial	3.5%
2012	Serial	3.5%
2013	Serial	3.5%
2014	Serial	3.5%
2015	Serial	5%
2016	Serial	3.75%
2017	Serial	3.75%
2018	Serial	4%
2019	Serial	4%
2020	Serial	4%
2021	Serial	4.125%
2022	Serial	4.2%
2023	Serial	4.25%
2024	Serial	4.3%
2025	Serial	4.375%
2026	Serial	4.375%
2027	Serial	4.45%
2028	Serial	4.5%
2029	Serial	5%
2030	Serial	5%
2031	Serial	5%
2032	Serial	5%
2033	Serial	5%
2034	Serial	5%
2035	Term	5%
2036	Serial	4.75%
2037	Serial	4.75%
2038	Term	4.75%

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