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City adviser reports favorable sale for $10.48M promissory notes after Moody’s affirms AAA rating
City of New Berlin Special Committee of the Whole · September 3, 2025
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Summary
City municipal adviser reported competitive bids for Series 2025A promissory notes, final principal of $10,480,000 (below the $10,590,000 on the agenda), a premium of $781,000 applied to early debt‑service years, and a true interest cost around 3.166%; Moody’s affirmed the city’s AAA rating.
Harry Allen, the city’s municipal adviser from Ehlers, reported to the committee that the presale and competitive sale for the city’s Series 2025A general obligation promissory notes produced strong bids and a final principal of $10,480,000.
Allen said Moody’s…
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