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East Ouachita board approves $25 million school bond issue; proceeds to fund construction
Summary
The Ouachita Parish School Board approved a resolution finalizing the sale of $25 million in general obligation school bonds, Series 2025; officials said the sale produced a premium that will increase construction funding to about $26.25 million and cited the district's strong S&P rating as a factor in the low interest cost.
At its July meeting, the Ouachita Parish School Board adopted a resolution finalizing the issuance and sale of $25,000,000 in general obligation school bonds, Series 2025, for the East Ouachita Parish School District.
Bond counsel Grant Schluter, who identified himself as representing bond counsel on the matter, said the sale produced a true interest cost of 4.53% and that proceeds will be available when the bonds are delivered…
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