Irvine schools, Calif., to sell $81.08 million special tax bonds

By Sheri Kasprzak

New York, Aug. 29 - The Irvine Unified School District in California plans to sell $81.08 million in series 2008 special tax bonds, according to a preliminary official statement released Friday.

The bonds (A3/A/) will be sold on a negotiated basis with Banc of America Securities LLC and Piper Jaffray as the senior managers.

The bonds are due 2009 to 2020.

Proceeds will be used to refund outstanding obligations and to make a deposit to a debt service reserve fund.

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