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Urbandale sells $7.75M in 2026 Series A notes; Moody’s affirms Aa1 rating
Summary
Council accepted the low bid for the city's 2026 Series A general obligation capital loan notes after staff reported favorable market results and a Moody’s Aa1 rating. Sale proceeds will fund CIP items while continued TIFF retirements reduce debt service in coming years.
The City of Urbandale accepted a low bid from TD Financial Products for its 2026 Series A general obligation capital loan notes, sized at $7.75 million, after a staff briefing on the sale results.
Finance Director Nikki Lamb and municipal advisor Travis Squires of Piper Sandler presented the results: Moody’s affirmed Urbandale’s…
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