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Muscatine council approves $5.05 million bond sale at low rate; Moody's affirms AA2
Muscatine City Council · May 6, 2026
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Summary
The Muscatine City Council authorized $5,050,000 in general obligation bonds after PFM reported a competitive sale and recommended Robert W. Baird as winning bidder; the true interest cost was 3.2048% and Moody’s affirmed the city’s AA2 rating.
The Muscatine City Council on May 5 authorized the sale and issuance of $5,050,000 in general obligation corporate purpose bonds, series 2026A, after hearing a report from finance advisor Suzanne Gerlach of PFM.
Gerlach told the council the city received six competitive bids in the sale and recommended awarding the bonds…
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