Newberry Investing in Children’s Education, S.C., preps $60.4 million

By Sheri Kasprzak

New York, Sept. 29 – The Newberry Investing in Children’s Education of South Carolina is set to price $60,395,000 of series 2014 installment purchase revenue refunding bonds, according to a preliminary official statement.

The bonds (A1/A/) will be offered through Wells Fargo Securities LLC with Citigroup Global Markets Inc. and Piper Jaffray & Co. as the co-managers.

The bonds are due 2015 to 2030.

Proceeds will be used to refund the nonprofit corporation’s series 2005 revenue bonds.

The corporation is based in Newberry County, S.C., and operates as a nonprofit to benefit public education entities in the county.

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