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Published on 4/16/2015 in the Prospect News Municipals Daily.

Rhode Island Health plans $150.4 million Providence schools bond sale

By Sheri Kasprzak

New York, April 16 – The Rhode Island Health and Educational Building Corp. is on tap to price $150,395,000 of series 2015A revenue refunding bonds for Providence Public Schools, according to a preliminary official statement.

The bonds (A1) will be sold through Raymond James/Morgan Keegan and BofA Merrill Lynch. The co-managers are Oppenheimer & Co. Inc., Roosevelt & Cross Inc. and CastleOak Securities LP.

The bonds are due 2016 to 2028.

Proceeds will be used to refund the corporation’s series 2006A, 2007A and 2007C school financing program revenue bonds.


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