Madison Metropolitan School District, Wash., preps $52.72 million G.O. bond offering

By Cristal Cody

Tupelo, Miss., July 16 – The Madison Metropolitan School District, Dane County, Wash., intends to price $52.72 million of general obligation bonds and notes (Aa1), according to a preliminary official statement.

The deal includes $41 million of G.O. promissory notes due 2016 through 2025 and $11.72 million of G.O. refunding bonds due 2016 through 2026.

The bonds will price via a competitive sale on July 20.

Baird & Co. is the district’s financial adviser for the offering.

Proceeds will be used to construct school additions, renovate school buildings and upgrade technology and to advance refund certain outstanding district obligations.

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