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Baltimore City sells $100.77 million in 2025 GO bonds; city terminates 2013 forward delivery agreement
Summary
Treasury reported the competitive sale of 2025 general obligation bonds (par $100,770,000) priced July 23 and closed Aug. 6, 2025; proceeds will fund public improvements. Treasury also said the city terminated a forward delivery agreement tied to 2013 bonds on Aug. 1, 2025.
Baltimore City Treasury told the Board of Finance that the city competitively sold its 2025 general obligation (GO) bonds, pricing the sale on July 23 and closing on Aug. 6, 2025. Treasury reported a combined par amount of $100,770,000 across the 2025A and 2025B series; JPMorgan Securities was the winning bidder for the 2025A series and Wells Fargo for the 2025B series.
Treasury said bond proceeds will…
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