Oceanside Unified School District, Calif., plans $70 million two-tranche G.O. issue on Wednesday

By Aaron Hochman-Zimmerman

New York, Feb. 17 - Oceanside Unified School District in California plans to price $70 million of series 2009 general obligation refunding bonds in two tranches on Wednesday, according to Dave Olson of KNN Financial.

The district will issue $50 million in new bonds and $20 million in refunding bonds, subject to market conditions.

Serial bonds will carry maturities from 2009 to 2024. Term bonds will also be part of the issue.

Bonds due after 2018 will be callable.

Morgan Stanley and De La Rosa & Co. will act as underwriters for the negotiated issue. KNN Financial is financial advisor to the district.

Proceeds will be used to refund series A-C 2000 election bonds which have $8.37 million, $17.75 million and $18.15 million outstanding.

Oceanside Unified School District is headquartered in Oceanside, Calif.

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