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Silver Consolidated Schools reports $6.5 million GO bond sale; $352,000 routed to debt service
Summary
The district presented final terms for its Series 2026 general obligation bonds on Feb. 18, reporting a $6.5 million sale, a $532,000 premium and a true interest cost of 3.56%. Bond counsel said the final term certificate was shared to comply with the Supplemental Public Securities Act.
The Silver Consolidated Schools Board of Education heard a report Feb. 18 on the district’s Series 2026 general obligation bond sale, which produced $6.5 million in par value and generated a premium that will help cover issuance costs and add to debt-service reserves.
Nathan Valenzuela, who presented the pricing details, told the board the district sold $6,500,000 in bonds and ‘‘produced premium of 532,000, which covered all costs, with an excess of 352,000 going into the debt service fund,’’ and that the transaction’s…
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