Farmington Public School District, Mich., offers $79.75 million bonds

By Sheri Kasprzak

New York, June 3 – The Farmington Public School District of Michigan is expected to price $79.75 million of series 2015 school building and site general obligation bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Stifel, Nicolaus & Co. as the lead manager. The co-managers are Fifth Third Securities Inc. and William Blair & Co. LLC.

The bonds are due 2016 to 2035.

Proceeds will be used to refund existing G.O. debt.

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