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Des Moines council directs sale of 2025 general obligation bonds after strong market interest
Summary
The Des Moines City Council on Oct. 8, 2025 voted to direct the sale of its General Obligation Bond Series 2025A and taxable Series 2025B after receiving an unusually high number of underwriting bids and competitive interest rates.
The Des Moines City Council on Oct. 8, 2025 voted to direct the sale of its general obligation bonds series 2025A and taxable series 2025B after a presentation from the city finance director and its municipal advisor.
City Finance Director Nick Schall and John Burmeister of PFM presented results from the bond sale process, saying the city drew national interest and competitive pricing. Burmeister said the city received an unusually large volume of proposals, including bidders from across the country, and that the sale produced a low true interest cost (TIC) in the 3.6% range on the longer maturities.
The memorandum and sale results showed 16…
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