Warren Consolidated Schools, Mich., plans $50.38 million G.O. bonds

By Sheri Kasprzak

New York, March 30 - The Warren Consolidated Schools District of Macomb and Oakland counties in Michigan is expected to bring to market $50.38 million in series 2010 school building and site general obligation bonds, according to a preliminary official statement.

The offering includes $35.38 million in series 2010A Build America Bonds and $15 million in series 2010B taxable qualified school construction bonds.

The bonds will be sold on a negotiated basis with Fifth Third Securities Inc. as the senior manager. Edward Jones & Co. is the co-manager for the series 2010A bonds.

The maturities have not been set.

Proceeds will be used to construct new school buildings, to acquire land on which to construct new school facilities and to renovate existing school facilities.

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