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Victoria council approves sale of Series 2025A GO bonds after AAA rating; true interest cost ~3.89%
Summary
The Victoria City Council approved a resolution awarding the sale of Series 2025A general obligation capital improvement bonds after S&P Global affirmed a AAA rating; staff reported a final true interest cost of about 3.89% and 11 bids were received.
The Victoria City Council on Feb. 24 approved a resolution awarding the sale of Series 2025A general obligation capital improvement bonds, a financing measure the meeting record identifies with a final par amount reported in the meeting as "$20,000,009.00 5." The council approved the resolution after staff and the city's municipal advisor reported the issue received strong market interest and a triple-A rating from S&P Global.
The nut graf: City staff said the AAA rating and…
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