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Brainerd sells $3.275 million in GO bonds; S&P rating held at AA‑
Brainerd City Council · October 20, 2025
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Summary
Council approved sale of $3,275,000 general obligation bonds, Series 2025A, with Raymond James the winning bidder and a 20‑year repayment plan; S&P assigned and maintained a double‑A minus rating.
The Brainerd City Council on Oct. 20 approved awarding $3,275,000 of general obligation bonds (Series 2025A) to Raymond James following a competitive sale earlier the same day.
Chris Hogan, municipal advisor with Baker Tilly, presented the sale results: the bonds were structured with a 20‑year…
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