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Chippewa Valley Schools, Mich., offers $298.9 million refunding bonds
By Sheri Kasprzak
New York, May 12 – The Chippewa Valley Schools of Michigan is set to price $298,905,000 of series 2015 general obligation refunding bonds, according to a preliminary official statement.
The deal includes $103.07 million of series 2015A unlimited tax G.O. refunding bonds and $195,835,000 of series 2015B taxable G.O. refunding bonds.
The bonds will be sold through Stifel, Nicolaus & Co. Inc. and Fifth Third Securities Inc.
The 2015A bonds are due 2023 to 2035. The 2015B bonds are due 2016 to 2022.
Proceeds will be used to refund the school district’s series 2005 refunding bonds and series 2010 school building and site bonds.
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