Palm Beach County School Board, Fla., to price $153.12 million of COPs

By Sheri Kasprzak

New York, Dec. 1 – The Palm Beach County School Board of Florida is set to price $153,115,000 of series 2015B certificates of participation, according to a preliminary official statement.

The certificates (Aa3//AA-) will be sold on a negotiated basis with BofA Merrill Lynch as the lead manager. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC.

The COPs are due 2017 to 2032.

Proceeds will be used to refund the board’s series 2006A-1 certificates of participation.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.