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Sedgwick County ratifies 2025 general obligation bond sale; TD Securities wins at 3.48% true interest cost
Summary
County CFO said an eight‑bid competitive sale for general obligation bonds funding 11 projects closed with TD Securities offering a 3.48% true interest cost; the board ratified the sale and authorized closing documents.
Sedgwick County commissioners ratified a competitive sale of 2025 general obligation bonds during their March 5 meeting after county staff reported a strong market response.
CFO Lindsey Peruso told the board the sale funded 11 projects — four special projects, two facility projects and five bridge projects — and attracted eight bidders with close pricing. Peruso said the successful bidder was TD Securities at a true interest cost of 3.48%, well below the 4.75% authorization the commission had previously approved. She recommended the board ratify the sale and empower the chairman to sign closing documents so the county can complete the financing.
Commissioners asked technical questions about the sale process and staff reported the county’s credit rating and competitive bidding helped secure favorable terms. The board voted to adopt the resolution authorizing issuance, sale and delivery of the general obligation bonds and to permit the chairman to execute documents on behalf of the county.
