Anchor Bay School District, Mich., plans $73.79 million bond offering

By Sheri Kasprzak

New York, Jan. 7 – The Anchor Bay School District of Michigan is expected to price $73.79 million of series 2016 unlimited tax general obligation refunding bonds, according to a preliminary official statement.

The deal includes $10,315,000 of series 2016A tax-exempt bonds and $63,475,000 of series 2016B taxable bonds.

The bonds will be offered through Fifth Third Securities Inc. and Stifel, Nicolaus & Co. Inc.

The 2016A bonds are due 2021 to 2025, and the 2016B bonds are due 2018 to 2021.

Proceeds will be used to refund existing debt.

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