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SD U-46 closes $60 million Series 2025 bond sale; construction on multiple middle schools advances
Summary
District officials reported a successful Series 2025 bond sale that raised $60 million, noted a credit-rating upgrade, and provided construction updates including Hawk Hollow Middle School on schedule and bid activity for Kimball and Kenyon Woods.
Dr. Anne Williams, deputy superintendent of operations, told the SD U-46 Board on Feb. 24 that the district successfully closed a second series of referendum-approved bonds in January, raising $60,000,000. Williams said that brings the total issued to $122,000,000 against the $179,000,000 authorized by voters.
Williams said the issuance, led by JPMorgan with Baird and Cabrera Capital as co-managers, was oversubscribed (2.5x) with institutional orders totaling about $137,800,000 and retail individual orders totaling $460,000 (including $20,000 reported from district…
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