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Board approves $101.25M in Series 2025 A/B bonds; refinancing yields roughly $1M savings
Summary
The Blue Valley Board unanimously approved Series 2025A and 2025B bond resolutions after municipal advisors reported competitive bids; the refinancing portion produced estimated savings of about $1,000,002.64 and the new-money sale had a lowest true interest cost of 3.779289%.
The Blue Valley Board of Education on Dec. 8 approved resolutions authorizing the issuance of Series 2025A and Series 2025B school bonds following a competitive sale that produced refinancing savings and competitive interest rates.
Jeremy McFadden introduced the results of the district’s competitive bid sale. Dave Arterberry of Stifel Nicolaus, the district’s municipal advisor, told the board the new-money Series 2025A sale drew six bids and the lowest true interest cost came from Morgan Stanley at 3.779289%. The…
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