FINANCIAL_SERVICESAWARDED

City of New Prague Awards Financial Services Contract to Piper Sandler & Co. (July 2026)

The City of New Prague awarded Piper Sandler & Co. the underwriting for its $16,315,000 Electric Revenue Bonds, Series 2026A, following a competitive sale with a true interest cost of 4.1657%. Proceeds will finance construction of a new electric generation facility for the Public Utility Commission.

Status
AWARDED
Document date
July 27, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Piper Sandler & Co.
Agency
City of New Prague · MN

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Derivita logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$16,315,000 (par amount of bonds); Underwriter’s Discount $175,515
Contract type
FINANCIAL_SERVICES
Contract term
Bonds dated August 6, 2026, maturing through December 1, 2047; callable December 1, 2035 and thereafter
Renewal date
2047-12-01
Renewal
Single bond underwriting engagement for Series 2026A; no renewals indicated.
Document type
AgendaPacket
Source document
City of New Prague Utilities Commission Agenda Packet 2026-07-27

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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 New Prague?

Piper Sandler & Co. was awarded this financial services contract by City of New Prague, as recorded on July 27, 2026. The contract value is $16,315,000 (par amount of bonds); Underwriter’s Discount $175,515.

How much is the Piper Sandler & Co. contract with City of New Prague worth?

The Piper Sandler & Co. contract with City of New Prague is valued at $16,315,000 (par amount of bonds); Underwriter’s Discount $175,515, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of New Prague Utilities Commission Agenda Packet 2026-07-27 (AgendaPacket), dated July 27, 2026 from City of New Prague. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Piper Sandler & Co. hold?

Piper Sandler & Co. may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of New Prague currently buying?

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