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Janesville council awards $22.16 million in general obligation notes at 3.11% true interest rate
Summary
The Common Council adopted Resolution No. 2025-2307 awarding $22,160,000 in general obligation promissory notes to the low bidder Piper Sandler at a true interest rate of 3.1092%. The sale carried an S&P long-term rating of double-A (stable) and was projected to yield about $862,000 in premium.
The Janesville Common Council adopted Resolution No. 2025-2307 on March 10, 2025, awarding $22,160,000 in general obligation promissory notes, series 2025, to the lowest bidder and establishing interest rates for the issue.
Finance Director Dave Godek presented the sale to council members, saying the notes were marketed the same day and that S&P Global maintained the city’s long-term rating at double-A with a stable outlook under its updated methodology.…
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