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Edmond Public Schools accepts JPMorgan low bid and authorizes issuance of $63 million general obligation bonds
Summary
The board accepted the low bid from JPMorgan Securities for a $63,000,000 general obligation bond sale and approved the resolution authorizing issuance and related documents.
The Edmond Public Schools Board of Education voted Thursday to accept the low bid from JPMorgan Securities for the district's $63,000,000 general obligation building fund series 2025 bonds and to authorize issuance of the debt.
BOK Financial Services, the district's bond advisor, presented the sale results. Chris Gander of BOK told the board they received seven bids and that the low bid from JPMorgan Securities returned a gross interest cost described in the presentation and a net interest cost after premium. Gander said the net interest cost equated to a yield in the reported materials. “We…
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