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Board awards $15M-plus taxable refunding bonds to Frost Bank; staff cite $11.35M in cash‑flow savings
Summary
Bryan ISD’s financial adviser reported Frost Bank submitted the winning bid at 3.99% for the district’s taxable refunding bonds; staff estimated about $11.35 million in cash‑flow savings and recommended award and delivery in October pending Attorney General approval.
The Bryan ISD Board of Trustees voted to award the district’s taxable unlimited-tax refunding bonds, series 2025, to Frost Bank after the district’s financial adviser reported bid results on Sept. 22.
Steve Adams, the district’s financial adviser with Specialized Public Finance, told trustees Frost Bank submitted the winning bid at 3.99 percent. Adams said the transaction produces an…
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