By Aaron Hochman-Zimmerman
New York, April 30 - Oklahoma County Independent School District No. 89 priced $54 million general obligation bonds at a true interest cost of 3.43%, according to Chris Gander of the Oppenheim division of Bosc Inc.
Robert W. Baird & Co. won the auction over two competing bidders, although four other bids came late due to a misunderstanding about the auction times, Gander said.
The serial bonds will carry maturities from 2009 to 2024 with amounts of $3.855 million per bond.
The bonds due 2020 to 2024 will be callable after July 1, 2019.
Proceeds from the sale will be used from general budgetary purposes.
Oklahoma County Independent School District No. 89 is located in Oklahoma City.
| Issuer: | Oklahoma County Independent School District No. 89
|
| Issue: | G.O. bonds
|
| Amount: | $54 million
|
| Maturities: | 2009 to 2024
|
| Call options: | Bonds due 2020 to 2024 callable after July 1, 2019
|
| True interest cost: | 3.43%
|
| Type: | Competitive
|
| Underwriter: | Robert W. Baird & Co.
|
| Pricing date: | April 30
|
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