City of Brodhead Common Council Meeting Agenda April 21, 2026
Raymond James Wins 2025A GO Notes Underwriting
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Description
The City awarded Raymond James & Associates, Inc. the underwriting for its General Obligation Promissory Notes, Series 2025A, with an adjusted principal amount of $3,735,000 financing capital projects through 2045. The bond issue carries coupons between 5% and 4% and a true interest cost of about 3.71%.
Contract Details
Contract Amount
$3,735,000 (adjusted bond size; originally $3,930,000)
Vendor
RAYMOND JAMES & ASSOCIATES INC
Agency
City of Brodhead, WI
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
Debt maturities March 1, 2026–March 1, 2045
Renewal Date
2045-03-01
Renewal Info
Single bond issuance underwriting; any future debt will require separate authorization and sale.
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