While its financial advisers were worried that the uncertainty caused in the financial market by the war in Ukraine would prevent the South Butler County School District from securing bonds for its much-needed renovation project, it was announced at Wednesday’s school board meeting that the bonds were sold Tuesday at a good interest rate.

Superintendent David Foley told the board that the 3.4% interest rate attained by PNC Capital Markets is lower than predicted.

The rate will allow the district to secure $34.3 million for the project, which will include the upgrade of various infrastructure, update labs and classrooms, provide artificial turf and a repaired track at the athletic stadium, and other improvements.

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