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Dubuque sells three bond issues; Moody’s affirms AA2 and Baird, Northland win bids
Summary
Council approved proceedings to issue three series totaling up to roughly $24.25 million; Moody’s affirmed the AA2 issuer rating and bids were awarded to Robert W. Baird and Northland Securities with lower-than-estimated true interest costs.
DUBUQUE, Iowa — The City Council on Monday approved proceedings for the directed sale of three general obligation bond series and awarded the issues to the best bidders after a competitive sale held earlier in the day.
Chief Financial Officer Jennifer Larson recommended council approval of proceedings for: up to $6,500,000 tax-exempt general obligation bonds (series 2025A), $8,500,000 taxable general obligation bonds (series 2025B) and $9,250,000 taxable general obligation urban renewal bonds (series 2025C). The council adopted the resolutions by roll call (motion passed 7-0).
Larson and the city’s bond adviser, Tianna Pooler of Independent…
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