Walled Lake Consolidated School, Mich., to sell $67.5 million bonds

By Sheri Kasprzak

New York, Dec. 30 - The Walled Lake Consolidated School District of Michigan plans to price $67.5 million of series 2014 general obligation school building and site bonds, according to a preliminary official statement.

The bonds (Aa2) will be sold on a negotiated basis with Stifel, Nicolaus & Co. Inc. as the senior manager and Baird & Co. and Comerica Securities Inc. as the co-managers.

The bonds are due 2016 to 2042.

Proceeds will be deposited into the district's school building fund to construct, equip and renovate school facilities, as well as to purchase sites for new construction.

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