FINANCIAL_SERVICESAPPROVED

Philadelphia IU 26 Awards Financial Services Contract to Morgan Stanley & Co Llc (July 2026)

The School District of Philadelphia approved a negotiated underwriting with Morgan Stanley & Co. LLC to sell up to $600 million of Tax and Revenue Anticipation Notes, Series B of 2026-2027. The underwriter will purchase the notes at a price between 90 and 125 percent of par with interest capped at 6 percent.

Status
APPROVED
Document date
July 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Morgan Stanley & Co Llc
Agency
Philadelphia IU 26 · PA

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Net purchase price between 90.0% and 125.0% of up to $600,000,000 principal amount (plus accrued interest)
Contract type
FINANCIAL_SERVICES
Contract term
Notes dated on issuance in FY 2027, maturing June 30, 2027
Renewal date
2027-06-30
Renewal
Single-year Series B TRANs program maturing June 30, 2027 with no automatic renewal; future TRANs would require new authorization and underwriting arrangements.
Document type
AgendaPacket
Source document
The School District of Philadelphia AgendaPacket Public Meeting 2026-07-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Philadelphia IU 26?

Morgan Stanley & Co Llc was awarded this financial services contract by Philadelphia IU 26, as recorded on July 23, 2026. The contract value is Net purchase price between 90.0% and 125.0% of up to $600,000,000 principal amount (plus accrued interest).

How much is the Morgan Stanley & Co Llc contract with Philadelphia IU 26 worth?

The Morgan Stanley & Co Llc contract with Philadelphia IU 26 is valued at Net purchase price between 90.0% and 125.0% of up to $600,000,000 principal amount (plus accrued interest), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in The School District of Philadelphia AgendaPacket Public Meeting 2026-07-23 (AgendaPacket), dated July 23, 2026 from Philadelphia IU 26. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Morgan Stanley & Co Llc hold?

Morgan Stanley & Co Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Morgan Stanley & Co Llc's profile

What is Philadelphia IU 26 currently buying?

Explore Philadelphia IU 26's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Philadelphia IU 26's profile

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