Schaumburg, Ill., arranges $65.1 million sale of G.O. refunding bonds

By Sheri Kasprzak

New York, July 3 - The Village of Schaumburg, Ill., plans to price $65.1 million of series 2012A general obligation refunding bonds, according to a preliminary official statement.

The bonds (Aaa/AA+/) will be sold on a negotiated basis with William Blair & Co. as the senior manager and the Northern Trust Co. and Citigroup Global Markets Inc. as the co-managers.

The bonds are due 2015 to 2029.

Proceeds will be used to refund the village's series 2004B G.O. bonds.

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