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Staff reviews Bank of America response to underwriting RFP for proposed bond refunding
Summary
District staff presented Bank of America’s proposal to underwrite a planned bond refunding and recommended the board ratify the selection at next week’s regular meeting. Staff described a tentative timeline that includes a bond-rating visit in late October/early November and taking the bonds to market in mid-December.
District staff reviewed Bank of America’s response to the district’s request for proposals (RFP) for underwriting services at the Oct. 8 work session and said they will ask the board to ratify the recommended selection at next week’s regular meeting.
Staff described Bank of America as a “heavy hitter” in the market and noted the firm’s capacity to carry bonds if needed; presenters…
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