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ISD 622 board approves 2026A facilities bond after below‑forecast interest bids
Summary
The ISD 622 board approved the award of its General Obligation Facilities Maintenance Bond Series 2026A after municipal advisors reported a low true interest cost of 3.13%, better than earlier estimates, and an unexpected reoffering premium that added about $1.2–$1.3 million to the construction fund.
Independent School District 622’s school board approved the sale of General Obligation Facilities Maintenance Bond Series 2026A on Feb. 17 after municipal advisors reported stronger‑than‑expected market results.
Matthew Hammer of municipal advisor Ehlers told the board the district received 10 bids the morning of the sale and achieved a low true interest cost of 3.13%, a sizable improvement…
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