Palm Beach County School Board, Fla., plans $224.52 million of COPs

By Sheri Kasprzak

New York, Jan. 23 – The Palm Beach County School Board of Florida is set to price $224,515,000 of series 2015D certificates of participation, according to a preliminary official statement.

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

The certificates are due 2015 and 2018 to 2032.

Proceeds will be used to refund the board’s series 2001A, 2002A, 2002C and 2002D certificates.

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