New Issue: Orleans Parish School Board, La., sells $79.06 million school construction bonds

By Sheri Kasprzak

New York, Dec. 16 - The Orleans Parish School Board of the Parish of Orleans, La., sold $79,055,000 of series 2011B taxable school construction bonds, according to a pricing sheet.

The bonds (/A+/) were sold through Morgan Keegan & Co. Inc.

The bonds are due Feb. 1, 2021 and bear interest at 4.4% annually priced at 100.743.

Proceeds will be used to fund school facilities within the parish.

Issuer:	Orleans Parish School Board of the Parish of Orleans, La.
Issue:	Series 2011B taxable school construction bonds
Amount:	$79,055,000
Maturity:	Feb. 1, 2021
Coupon:	4.4%
Price:	100.743
Type:	Negotiated
Underwriter:	Morgan Keegan & Co. Inc.
Rating:	Standard & Poor's: A+
Pricing date:	Dec. 15
Settlement date:	Dec. 20

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