ISU Laboratory Schools Awards Financial Services Contract to Bofa Securities Inc (July 2026)
ISU Laboratory SchoolsSchool · Normal, IL- Disclosed value
- Not to exceed $68,500,000 aggregate principal amount of 2026A Certificates; sale price not less than 97% of par; true interest cost not to exceed 6.50%
- From resolution
- Approved
- Jul 24, 2026
- Renews
- Free account
The 30-second brief
Illinois State University’s Board of Trustees authorized a negotiated sale of up to $68.5 million in Certificates of Participation, Series 2026A, with BofA Securities, Inc. serving as representative of the underwriting syndicate. The Certificates will finance design and construction of STEM, greenhouse, science annex, and GE Road campus improvements with a final maturity no later than April 1, 2057.
Bofa Securities Inc holds this financial services contract with ISU Laboratory Schools. Its other public contracts on record include work for City of Raleigh and Board Of Water Commisioners Retirement Plan Trust Fund.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $68,500,000 aggregate principal amount of 2026A Certificates; sale price not less than 97% of par; true interest cost not to exceed 6.50%
- Document date
- July 24, 2026
- Term
- Final maturity of Certificates no later than April 1, 2057 (maximum 30-year term for installment payments)
- Renews
- On record
- Vendor
- Bofa Securities Inc
- Agency
- ISU Laboratory Schools
- Source document
- Illinois State University Resolution Authorization to Issue Certificates of Participation Series 2026A 2026-07-24 (Resolution)
Bofa Securities Inc's other public contracts
More ISU Laboratory Schools contracts
Questions about this contract
Who was awarded the financial services contract by ISU Laboratory Schools?
Bofa Securities Inc was awarded this financial services contract by ISU Laboratory Schools, as recorded on July 24, 2026. The contract value is Not to exceed $68,500,000 aggregate principal amount of 2026A Certificates; sale price not less than 97% of par; true interest cost not to exceed 6.50%.
How much is the Bofa Securities Inc contract with ISU Laboratory Schools worth?
The Bofa Securities Inc contract with ISU Laboratory Schools is valued at Not to exceed $68,500,000 aggregate principal amount of 2026A Certificates; sale price not less than 97% of par; true interest cost not to exceed 6.50%, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Illinois State University Resolution Authorization to Issue Certificates of Participation Series 2026A 2026-07-24 (Resolution), dated July 24, 2026 from ISU Laboratory Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bofa Securities Inc hold?
Bofa Securities 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.
What is ISU Laboratory Schools currently buying?
Explore ISU Laboratory Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
