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Submitted Content
1:42 pm PDT August 11, 2014

On July 29, the Santa Monica-Malibu Unified School District sold the first series of bonds from the Measure ES Bond authorization near historic low interest rates.
The District’s credit ratings generated interest from numerous municipal bond investors.
On the day of the bond sale, the Series A bonds had more than $164 million in orders from interested investors, but only $30 million of bonds to sell — an oversubscription of approximately 5.5 times.