Downey Unified School District Board of Education Meeting Agenda March 2026
Bond Underwriting Contracts Awarded to BofA Securities
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Description
The Board approved BofA Securities, Inc. as underwriter for two major bond issuances: $100 million Series B Measure K and $36 million Refunding Bonds, with a negotiated sale and capped underwriter discount.
Contract Details
Contract Amount
Not to exceed 0.40% underwriter's discount on $100,000,000 Series B and $36,000,000 refunding bonds
Vendor
BOFA SECURITIES INC
Agency
Downey Adult School, CA
Contract Type
FINANCIAL_SERVICES
Document Date
March 8, 2026
Contract Term
One-time bond issue (March 2026)
Renewal Date
2026-03-31
Renewal Info
Each issue is a one-time underwriting engagement for the specified bond issues; future bond sales may require new contracts.
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