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Oakdale reports $11.06 million 2025A bond sale; city keeps Moody's Aa1 rating
Summary
At its Aug. 26 meeting, Oakdale officials reported results of the 2025A bond sale: $11,060,000 issued, a winning interest rate of 4.02%, Raymond James as the winning bidder, and retention of a Moody's Aa1 credit rating; no council action was required.
Oakdale officials reported details of the city's 2025A bond sale during the City Council meeting on Aug. 26, 2025. Finance staff said the issuance totaled $11,060,000, the winning interest rate was 4.02 percent and the bonds carry a final maturity of Feb. 1, 2053. The sale produced competitive bids and the winning bid came from Raymond James and Associates.
"We retained our…
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