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Guthrie Board approves $6.15 million bond sale, awards bid to TD Securities
Summary
The Guthrie Public Schools Board voted to award $6,150,000 in general obligation building bonds (Series 2025A) to TD Securities and adopted a resolution authorizing issuance and related election and disclosure procedures; the board cited favorable market rates and its A+ rating.
The Guthrie Public Schools Board of Education voted March 10 to award $6,150,000 in general obligation building bonds, series 2025A, to the lowest bidder, TD Securities, and adopted a companion resolution authorizing the issuance and related election and disclosure procedures.
A district presenter told the board six bids were received and recommended TD Securities as the low bidder at a rate quoted in the meeting materials. The presenter said the bid comes amid recent equity-market weakness that pushed investors into bonds and noted S&P had affirmed the district’s A+ credit rating, which contributed to favorable pricing for the shorter maturities in the issue.
Board members twice approved motions by roll call: first to award the bonds to TD Securities and then to adopt the resolution prescribing bond form, a continuing disclosure certificate and the levy of an annual tax to pay principal and interest. Both votes were recorded as unanimous among members present (7 ayes, 0 nays).
The board was told the series consists of two maturities with a near-term maturity in 2027 and that the pricing will slightly lower the district’s estimated requirements for the coming year. Specific sale paperwork and the official statement were referenced in the packet; the board instructed staff to proceed with award and necessary filings.
No public comment on the bond sale appears in the transcript, and the board moved on to other business after completing the motions.
