Apollo Career Center announces $30 million bond offering
Thursday, August 15, 2013 2:26 AM
LIMA - The Apollo Career Center announced recently an upcoming $30 million bond offering. Those interested in learning more about the bond offering are encouraged to attend an informational meeting to be held Wednesday, Aug. 28, at 6 p.m. at the Apollo Career Center, 3325 Shawnee Rd, Lima, Ohio.As a special arrangement made by the Board of Education, local residents and investors will be given the opportunity to purchase bonds for the District, which will be sold in increments of $5,000 and have maturities ranging from one to 30 years.
The district has retained RBC Capital Markets to handle the sale of the bonds. The District expects bonds to be available on Sept. 4. Interest rates on the bonds will be determined on that date. The proceeds of the bonds will be used to fund construction of the new school facilities approved by voters May 7. The bonds, to be issued by the District, will be traditional tax-exempt municipal bonds.
Inquiries regarding the meeting can be directed to the District's financial advisor, David Conley of Rockmill Financial at 614-300-5015 extension 700.