By Sheri Kasprzak
New York, April 6 - The Muscogee County School District of Georgia sold $52.015 million in series 2010 general obligation sales tax bonds on Tuesday, according to a pricing sheet.
The bonds (/AA+/) were sold through senior manager Baird & Co. Inc.
The bonds are due 2011 to 2013 with coupons from 2.5% to 4%.
Proceeds will be used to acquire, construct and equip new school buildings; to construct one or two new elementary schools; to construct a replacement for Carver High School; and to upgrade other school facilities.
The district is located in Columbus, Ga.
| Issuer: | Muscogee County School District
|
| Issue: | Series 2010 general obligation sales tax bonds
|
| Amount: | $52.015 million
|
| Type: | Negotiated
|
| Underwriter: | Baird & Co. Inc.
|
| Rating: | Standard & Poor's: AA+
|
| Pricing date: | April 6
|
| Settlement date: | April 15
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3% | 103.55
|
| 2012 | Serial | 4% | 107.22
|
| 2013 | Serial | 2.5% | 103.445
|
| 2013 | Serial | 4% | 108.719
|
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