A group of Athens ISD leaders and support staff gather Thursday to view online the results of a competitive sale of the bonds approved by voters in November. R.W. Baird & Company was the lowest of seven bidders, offering to buy the $59.9 million bond package at an average interest rate of 3.07 percent.
“We’re extremely pleased and excited with this very favorable outcome,” said Chief Financial Officer Randy Jones.
The positive outcome is a combined result of AISD’s “A+” credit rating and a 15-year low in the municipal bond market. The trustees are expected to accept the winning bid at Thursday night’s board meeting. The anticipated closing date, when funds will become available, is Feb. 18.
(Photo by Toni Garrard Clay/AISD)