DALLAS - Oklahoma County Independent School District No. 89 will issue the first debt from a $248.3 million bond package approved by voters in October 2007 with Thursday's competitive sale of $24.2 million of general obligation bonds.

The bonds are structured with a rapid maturity schedule. Final maturity is set for 2012, with $8.07 million of the principal maturing annually in 2010, 2011, and 2012.

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