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Board directs sale of $28.125M in general obligation school capital loan notes after favorable bids
Summary
Piper Sandler reported four bids for the district’s general obligation notes; the board approved a resolution directing sale to the winning underwriter, citing a 3.27% true interest cost and roughly $29 million in project proceeds after resizing.
The Linn‑Mar school board authorized the sale of general obligation school capital loan notes series 2026 after Piper Sandler presented competitive bids that yielded favorable terms.
Garrett, the Piper Sandler representative, said the winning underwriter submitted a package with a 3.27% true interest cost and a premium that allowed the district to resize the par amount so that the district…
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