merced-union-high-report-2024-09-30_bb6.pdf
$10 Million Microsoft Bond Purchased by Treasury
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Description
The Merced County Treasury purchased a $10 million bond from MIC (Microsoft Corp) on July 2, 2024, maturing June 15, 2027, at a 3.4% rate with a book value of $9,613,300. This purchase is part of the district's investment portfolio management.
Contract Details
Contract Amount
$9,613,300
Vendor
MIC
Agency
Merced Union High, CA
Contract Type
FINANCIAL_SERVICES
Document Date
September 30, 2024
Contract Term
July 2, 2024 – June 15, 2027
Renewal Date
2027-06-15
Renewal Info
No automatic renewal; investment matures on June 15, 2027.
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