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RBC tells Rio Rancho board $20M bond sale attracted nine bidders; JPMorgan low at 3.04%
Summary
RBC Capital Markets reported on the district's Oct. 8 competitive sale of $20 million in voter-authorized general obligation bonds: nine bidders participated, JPMorgan submitted the low bid at 3.04%, RW Baird the high at 3.18%, and bonds mature in 2026 with closing Oct. 30.
RBC Capital Markets presented the results of Rio Rancho Public Schools’ Oct. 8 public competitive sale of $20 million in voter-authorized general obligation bonds at the board meeting on Oct. 14.
Eric Herrigan of RBC said the sale drew nine bidders. JPMorgan submitted the lowest interest-rate bid at 3.04% and RW…
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