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Board ratifies $17.68 million facilities bond sale to Jefferies at 3.04%
White Bear Lake Area Schools Board · April 17, 2026
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Summary
The school board ratified the 2026A facilities maintenance bond sale, awarding the $17,680,000 issue to Jefferies LLC after a competitive sale; financial advisors said the sale attracted 14 bidders and S&P assigned an A+ rating.
The White Bear Lake Area Schools board ratified the sale of the 2026A general obligation facilities maintenance bonds after hearing a market report from financial advisor Shelby McQuay.
Shelby McQuay told the board the competitive sale drew 14 interested bidders and 10 submitted competitive bids;…
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