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Haysville sells temporary notes after Moody’s upgrade; council accepts 3.71% bid
Summary
City financial advisor reported Moody’s upgrade and recommended accepting Country Club Bank’s bid at a true interest cost of 3.710457% for general obligation temporary notes to finance Lakefield addition infrastructure; council approved the resolution to issue notes.
Haysville’s City Council voted April 14 to accept the winning bid for the sale of general obligation temporary notes to fund Lakefield addition infrastructure improvements, approving the issuance resolution prepared by bond counsel.
Brett Chobren, the city’s financial advisor with Stifel Nicholas & Company, reviewed the marketing, rating and sale process for the notes. He told the council Moody’s had recently upgraded the…
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