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District to award $25.6M promissory notes; Baird rep reports 3.85% winning bid from Jefferies LLC
Summary
A Baird representative told the board the district received seven bids for $25.6 million in referendum borrowing; Jefferies LLC submitted the low bid at 3.85%, settlement is scheduled April 22, and repayment runs March 1, 2027 to March 1, 2046.
Jordan Mesnisca of Baird presented the district’s $25.6 million referendum borrowing plan and said the sale drew seven competitive bids. He reported the low bid came from Jefferies LLC at 3.85 percent and that the offering will settle on April 22, when the district receives the proceeds.
Mesnisca said Standard & Poor’s affirmed the district’s AA‑ rating and that the…
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