Carlsbad Purchases Corporate Note From Merck | City of Carlsbad | MERCK & CO INC

Scope & details

The full contract record, as filed.

Contract amount

$5,000,000.00 par value; $5,004,500.00 book value

Contract type

FINANCIAL_SERVICES

Contract term

January 23, 2026 – September 15, 2030

Renewal date

2030-09-15

Renewal

No renewal terms; investment is scheduled to mature on September 15, 2030.

Document type

StaffReport

Source document

City of Carlsbad Staff Report Report on City Investments as of Jan. 31, 2026 2026-03-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Carlsbad?

Merck & Co Inc was awarded this financial services contract by City of Carlsbad, as recorded on March 10, 2026. The contract value is $5,000,000.00 par value; $5,004,500.00 book value.

How much is the Merck & Co Inc contract with City of Carlsbad worth?

The Merck & Co Inc contract with City of Carlsbad is valued at $5,000,000.00 par value; $5,004,500.00 book value, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in City of Carlsbad Staff Report Report on City Investments as of Jan. 31, 2026 2026-03-10 (StaffReport), dated March 10, 2026 from City of Carlsbad. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Merck & Co Inc hold?

Merck & Co Inc 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 Merck & Co Inc's profile

What is City of Carlsbad currently buying?

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