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Board selects Bank of America as senior manager for Percy Julian bond issuance; bond issuance expected near $200 million
Summary
The Montgomery County Board of Education approved a resolution naming Bank of America as senior manager and Siebert Williams & Schenck and The Frasier Lanier Company as co‑managers for an underwriter team tied to financing the new Percy Julian high school. District staff said the project budget is about $175 million and the bond issuance will be approximately $200 million to reimburse prior district expenditures.
District finance staff and the board discussed the next step in financing the Percy Julian high school project during the Sept. 9 meeting. Pamela Watkins explained the district issued an RFP in June, received about 13 responses and recommended a three‑firm underwriting team with Bank of America as senior manager and Siebert Williams & Schenck and The Frasier Lanier Company as co‑managers. Watkins also said the district…
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