Pennfield Schools Board of Education Resolution March 2026
Stifel Chosen as Underwriter for $8.3M Bond Refunding
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Description
Pennfield Schools board approved the award of the negotiated bond underwriting and purchase for $8.345 million general obligation refunding bonds to Stifel, Nicolaus & Company, Incorporated. The contract was ratified at a purchase price of $9,196,334.30 including premium and discount, for bonds maturing 2028-2034.
Contract Details
Contract Amount
$9,196,334.30
Vendor
STIFEL NICOLAUS & COMPANY INCORPORATED
Agency
Pennfield School District, MI
Contract Type
FINANCIAL_SERVICES
Document Date
March 17, 2026
Contract Term
Bonds dated April 8, 2026, maturing May 1, 2028 through May 1, 2034
Renewal Date
2034-05-01
Renewal Info
Initial engagement for 2026 Refunding Bonds; not a recurring contract. Any amendments or supplements would be executed by an authorized officer per resolution.
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