Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
JPMorgan secures low bid for Cobb County School District's $100 million short-term notes; board to consider award at evening meeting
Summary
District staff reported that seven bids were received for $100 million in short-term construction notes; PFM identified JPMorgan Securities as the low bidder (approx. 2.29% interest) and the district reported a lowest net interest cost of 2.291447% with a total net cost of $1,955,405; official award is scheduled for the Jan. 22 evening meeting with closing targeted Feb. 4, 2026.
The Cobb County School District conducted a competitive sale for $100,000,000 in short-term construction notes on the morning of Jan. 22, and staff told the work session that JPMorgan Securities submitted the winning bid.
Laura Howe, a director with PFM Financial Advisors (the district's financial advisors for the sale), summarized the bidding process and said seven bids were received. "JPMorgan Securities was the winning bidder," Howe said,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
