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Cross Plains authorizes $3.865 million GO note after competitive sale at 3.88% TIC
Summary
The Village authorized issuance and sale of a $3,865,000 general obligation promissory note (Series 2025A) after a competitive sale; Bak Financial Securities submitted the winning bid with a true interest cost of 3.88%, producing about $227,000 in net principal-and-interest savings versus the presale estimate.
The Village of Cross Plains on Monday authorized the issuance and sale of a $3,865,000 general obligation promissory note, Series 2025A, to finance public projects including street improvements and village hall construction.
Ariana, representing the municipality’s sale agent, presented the sale day report and said five firms bid on the issue. “Bak…
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