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Springfield R‑XII board approves $30 million bond sale after favorable market pricing
Summary
The Springfield Public Schools board authorized the sale of $30 million in general obligation bonds (Series 2025) after a market pricing presentation from Piper Sandler that produced lower-than-expected yields and additional proceeds for projects and contingencies.
The Springfield Public Schools Board of Education voted unanimously to approve a resolution authorizing the sale of $30,000,000 in general obligation school building bonds, Series 2025.
Piper Sandler representative Dr. Blevins told the board the bonds were priced in a favorable market, producing lower yields than anticipated and enabling additional proceeds for the district’s construction fund. “We priced $30,000,000 of par,” Blevins…
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