City of Newton Awards Financial Services Contract to Fhn Financial Capital Markets (September 2025)
City of NewtonCity · Newton, KS- Disclosed value
- $9,100,000 (bond principal) with $457,391.80 premium at 3.6683% true interest cost
- From agenda
- Awarded
- Sep 23, 2025
- Renews
- Free account
The 30-second brief
FHN Financial Capital Markets was selected as the winning bidder to purchase the City of Newton’s $9,100,000 General Obligation Bonds, Series 2024-A, at a true interest cost of 3.6683% with a significant premium. The bond proceeds will finance multiple capital projects including the Newton Public Library and street and drainage improvements.
Fhn Financial Capital Markets holds this financial services contract with City of Newton. Its other public contracts on record include work for Wharton County Junior College and Coupland Independent School District.
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Contract details
- Contract type
- Financial Services
- Amount
- $9,100,000 (bond principal) with $457,391.80 premium at 3.6683% true interest cost
- Document date
- September 23, 2025
- Term
- Bonds dated September 25, 2024 with serial maturities from September 1, 2025 through September 1, 2042 and a term bond maturing September 1, 2044
- Renews
- On record
- Agency
- City of Newton
- Source document
- city_of_newton_regular_commission_meeting_agenda_s.pdf (Agenda)
Fhn Financial Capital Markets's other public contracts
More City of Newton contracts
Questions about this contract
Who was awarded the financial services contract by City of Newton?
Fhn Financial Capital Markets was awarded this financial services contract by City of Newton, as recorded on September 23, 2025. The contract value is $9,100,000 (bond principal) with $457,391.80 premium at 3.6683% true interest cost.
How much is the Fhn Financial Capital Markets contract with City of Newton worth?
The Fhn Financial Capital Markets contract with City of Newton is valued at $9,100,000 (bond principal) with $457,391.80 premium at 3.6683% true interest cost, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in city_of_newton_regular_commission_meeting_agenda_s.pdf (Agenda), dated September 23, 2025 from City of Newton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Fhn Financial Capital Markets hold?
Fhn Financial Capital Markets may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Newton currently buying?
Explore City of Newton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.