Cincinnati School District Approved for $480M Bond Issue, Its Largest Ever

Carvlin, Elizabeth
May 2003
Bond Buyer;5/8/2003, Vol. 344 Issue 31631, p30
Trade Publication
The Cincinnati City School District has won voter approval to issue 480 million dollars of bonds as part of its 985 million dollar capital plan. The district plans to sell the full amount in June 2003 as bond anticipation notes and will sell long-term debt to take out the bans in September 2003, said Michael Geoghegan, the district's treasurer. The deal will be the largest bond issue ever for the city or the school district, which is the largest in the state. The district plans to issue 5 million dollars of qualified zone academy bonds, based on federal tax credits, in December 2003, Geoghegan said, and another 60 million dollar bond issue is set for 2005.


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