madison_metropolitan_school_district_board_of_educ.pdf
Citigroup shares $70M tax note financing
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Description
The Board selected Citigroup Global Markets, Inc. as a low bidder for participation in a $70 million Tax Revenue Anticipation Note, with a net interest cost of $227,421 at 0.234%. The note provides short-term financing for district cash flow needs.
Contract Details
Contract Amount
$70,000,000 (net interest cost $227,421, net interest rate 0.234%)
Vendor
CITIGROUP GLOBAL MARKETS INC
Agency
Madison Metropolitan School District, WI
Contract Type
FINANCIAL_SERVICES
Document Date
December 15, 2025
Contract Term
2020 Tax Revenue Anticipation Note (short-term borrowing)
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