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Board approves preliminary statement for $28 million Series 2025 bonds

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Summary

The Rio Rancho board approved the preliminary official statement for a Series 2025 bond sale with a par amount listed at $28 million; RBC Capital Markets presented the document and staff said closing is scheduled for Oct. 1 and detailed standard disclosures and risk factors.

The Rio Rancho Public Schools Board of Education on Aug. 11 approved the preliminary official statement (POS) for the Series 2025 bond issuance, which staff presented as an anticipated par amount of $28,000,000. RBC Capital Markets representative Kaylee Weinerskovich reviewed the POS,…

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