Bond proceeds provide for the refunding of the School's 2000 Series E and 2015 Series J variable rate bond issues. The Series K issue was a fixed rate issue, and was structured to provide uniform debt service when combined with the existing Series I bonds outstanding.
The Series K bonds have an optional redemption date of July 1, 2028. The Series K bonds are rated Aa3 by Moody's. The net interest cost for the issue was 3.53%.