HAWAI'I BRIEFS
City sells $396M in general bonds
Advertiser Staff
The city sold $396 million worth of general obligation bonds this past week at an interest rate of 4.5 percent, one of the lowest rates the city has secured in recent years, officials said.
Local support for the offering was impressive, with retail orders totaling about $47 million, or approximately 12 percent of the bonds sold, they said.
"We are extremely gratified that local and institutional investors demonstrated such support for the city, allowing the city to continue to meet our financial objectives and secure low borrowing costs for taxpayers," Mayor Mufi Hannemann said Friday.
"This is part of our effort to get the city back on firm financial ground," Hannemann said.
UBS Financial Services Inc. served as the lead underwriter, with Merrill Lynch acting as co-manager on the tax-exempt bonds. Bond insurance was provided by FGIC Corp., the parent company of Financial Guaranty Insurance Co.
'EWA BEACH
PRESCHOOL HOLIDAY FUNDRAISER NOV. 19
Iroquois Point Cooperative Preschool is holding its eighth annual Holiday Auction at 7 p.m. Nov. 19 at the school, 6053 Heron Ave.
There will be live and silent auctions for a variety of items, including gift baskets donated by each class and items donated by Paradise Cruises, Diamond Head Theatre, Sam Choy's, Maui Divers, Gymboree, Joseph K's home decor and other businesses.
The admission price of $5 includes a buffet dinner from Loco Moco.
Proceeds will go toward furnishing the school's new building, funding field trips and buying classroom equipment and supplies.
For information or tickets, call Michele Howard at 680-9649.
AIRPORT AREA
H-1 VIADUCT LANES CLOSE FOR CLEANING
Some lanes on the H-1 Freeway viaduct between the Ke'ehi Interchange and the Radford Drive overpass may be closed today through Thursday for drain cleaning, the state Transportation Department said.
Work will be done between 8 a.m. and 3 p.m. No lane closures are scheduled for Friday, Veterans Day.
KAILUA
BAND'S STEAK DINNER ON SUNDAY
The Kailua High School Band Boosters will hold their Steak Dinner and Family Night from 4 to 7 p.m. Sunday in the school's cafeteria.
The $10 dinner, which includes an 8-ounce New York steak, sides and dessert, is available for dine-in or take-out.
A silent auction features more than $3,000 in donated items and services ranging from rounds of golf to fun and special gifts. Bidding closes at 6 p.m.; bidders need not be present to win.
Activities for keiki include face painting, tattoos and a fishing booth.
Proceeds support the band program. For tickets, call Cheryl Ernst at 261-1361 or purchase at the door while supplies last.
Correction: The Kailua High School Band Boosters will hold their Steak Dinner and Family Night from 4 to 7 p.m. Sunday in the school cafeteria. The day of the event was incorrect in a previous version of this story.
