CHICAGO - Van Buren Public Schools today enters the market with nearly $80 million of unlimited-tax Build America Bonds to fund various projects, with the projected savings from the federal program especially welcome as the Michigan district seeks to stabilize its financial position.

Raymond James & Associates Inc. is the senior manager with Fifth Third Securities Inc., Edward Jones & Co., and Stifel Nicolaus & Co. as co-managers. Collins & Blaha PC is bond counsel and Stauder Barch & Associates is advising the district. The district will apply for the direct-pay 35% interest subsidy option under the BAB program.

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