Reynoldsburg City School District in Ohio to sell $56 million G.O. bonds

By Cristal Cody

Springdale, Ark., May 30 - The Reynoldsburg City School District in Ohio expects to price $56 million general obligation bonds on June 24, the issuer said Friday.

The series 2008 school facilities construction and improvement bonds (Aa2) will price in a negotiated sale managed by Bear, Stearns & Co., said Mitch Biederman, the district's treasurer.

Proceeds will be used to construct a second high school and a new elementary school and to renovate existing school facilities.

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