TITLE

Renton, Wash., School District In Market With $72M Refunding

AUTHOR(S)
Kelemen, Jasmina
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/26/2005, Vol. 351 Issue 32057, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Renton School District in Washington expects to issue roughly $72 million of general obligation bonds today to refund debt issued in 1998. The 13,000-student school district near Seattle expects to achieve savings of $5 million over the life of the bonds, said Alan Dashen of A. Dashen & Associates, the deal's financial adviser. Bane of America Securities is the deal's underwriter. The district has considered this refunding for years, timing the market to reach its present value target savings of 5%.
ACCESSION #
15821939

 

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