Saline Area Schools Board of Education Meeting Agenda May 12 2026
Board Ratifies Refunding Bond Sale to J.P. Morgan
Trusted by teams at
Description
The Board ratified a negotiated sale of $21.575 million in 2026 Refunding Bonds to J.P. Morgan Securities LLC at a total purchase price of $23.65 million, including premium. Proceeds will refinance callable portions of the District’s 2016 School Building and Site Bonds and cover issuance costs over a term running through 2036.
Contract Details
Contract Amount
Purchase price $23,650,151.09 (par $21,575,000 plus original issue premium $2,161,691.10 less underwriter’s discount $86,540.01)
Vendor
J.P. MORGAN SECURITIES LLC
Agency
Saline Area Schools, MI
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
Bonds dated June 2, 2026; mature May 1, 2027–May 1, 2036; interest payable semi-annually beginning November 1, 2026
Renewal Date
2036-05-01
More from J.P. MORGAN SECURITIES LLC
Related Contracts
Development Authority of Fulton County Agenda April 2026
APPROVEDMadison County Board of Supervisors Meeting Minutes April 2026
APPROVEDHomes and Community Renewal Board Book 2 April 2026
AWARDEDMadison County Finance Ways and Means Committee Agenda March 2026
APPROVEDCity of Oklahoma City Council Meeting Minutes March 2026
AWARDEDMore from Saline Area Schools
Saline Area Schools Agenda Board of Education Meeting 2026-06-09
Saline Area Schools Agenda Board of Education Meeting 2026-06-09
Saline Area Schools Agenda Board of Education Meeting 2026-06-09
Saline Area Schools Agenda Board of Education Meeting 2026-06-09
Saline Area Schools Board of Education Meeting Agenda May 12 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.