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Burlington to pursue public bond offering after bank placement proposals; timeline set for October–November
Summary
After soliciting bank proposals for a short-term placement, district financial advisers recommended a public securities offering for the general obligation school capital loan notes, series 2025. Board took no action and will consider an official statement at the October meeting.
District financial advisers told the Burlington Community School District board on Monday that bank placement proposals received this month did not offer a clear advantage over a public securities offering, and recommended moving forward with a public bond sale for the district—s General Obligation School Capital Loan Notes, Series 2025.
Tim (staff member) and Greg (staff member) walked the board through proposals solicited from multiple lenders. The lowest bank quote was a non-callable offer from…
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