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    Local Investors Have Opportunity to Purchase Lake Washington School District Bonds


    Redmond, Wash. – Lake Washington School District (LWSD) plans to sell tax-exempt bonds later this month. The sale will include approximately $151 million of funds to finance a portion of the bond projects approved by voters in April 2016.

    LWSD plans to provide local taxpayers with an opportunity to “invest locally” by purchasing some of the tax-exempt bonds. The offering is made only by the Preliminary Official Statement, which will be made available by the underwriters and the District. The interest rates and taxpayer savings are expected to be finalized on or about November 29.

    Moody’s Investors Service has assigned its elite ‘Aaa’ credit rating to the bonds, the highest rating possible. S&P Global Ratings assigned the district’s existing ‘AA+’ rating to the bonds. The rating agencies cited such factors as balanced financial operations, the large tax base, growing enrollment, and good management policies and practices as positive credit factors supporting the ratings.

    D.A. Davidson & Co. in Seattle is serving as senior managing bond underwriter for the transaction. Northwest Municipal Advisors is serving as the district’s Municipal Financial Advisor.

    Barbara Posthumus, Associate Superintendent, Business and Support Services for LWSD, said, “We are aiming to take advantage of near historic low market interest rates for the bond projects.”

    Please contact D.A Davidson’s Bellevue office at 425-467-2216 for additional information about the bonds, or to obtain a copy of the Preliminary Official Statement.

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    About Lake Washington: Lake Washington School District is a high-performing public school district serving Kirkland, Redmond and Sammamish, Washington. It is the third largest district in the state of Washington, with over 29,500 students in 52 schools.