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Case Studies

Fixed Income Capital Markets

Back to News, Insights & Case Studies

 

Connect with Baird Fixed Income Capital Markets

Exterior view of a historic stone city hall building.
City of Duncanville

Baird served as sole managing underwriter on Duncanville’s $11.05 million utility infrastructure financing, successfully navigating selective investor demand and achieving pricing that compared favorably to larger Texas utility transactions.

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Elementary school aged child getting onto a school bus.
Municipal
Lead Bookrunner
K-12 Education
PORTA Community Unit School District Number 202

Baird served as sole manager on PORTA CUSD No. 202’s $10.7 million financing, structuring a dual-series transaction that attracted strong investor demand and delivered efficient pricing.

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Group of students wearing backpacks standing in front of a chalkboard.
Municipal
Lead Bookrunner
K-12 Education
Upland Unified School District

Baird served as sole managing underwriter on Upland USD’s $36.5 million dual-series bond issuance, funding capital improvements and generating taxpayer debt service savings through a strategic refunding.

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Municipal
Lead Bookrunner
Municipalities & Counties
County of Ashe

Ashe County’s $13.8 million bond offering drew strong investor interest across all maturities, supporting broad participation and efficient execution.

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Municipal
Lead Bookrunner
Municipalities & Counties
City of Winston-Salem

Baird served as sole manager on Winston-Salem’s refunding, delivering strong savings through strategic timing and a 5.5x oversubscribed order book in a volatile market.

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Municipal
Lead Bookrunner
Municipalities & Counties
City of Buda

Baird’s targeted marketing and disciplined pricing approach helped the City of Buda achieve savings in a challenging market backdrop.

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Municipal
Lead Bookrunner
K-12 Education
Indian Creek Local School District

Baird served as sole manager on Indian Creek Local School District’s $5.2 million refunding, generating strong investor demand and delivering meaningful interest cost savings.

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Municipal
Lead Bookrunner
K-12 Education
Delano Joint Union High School District

Delano JUHSD completed a $16.6M refunding to reduce future debt service costs.

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Municipal
Lead Bookrunner
Utilities
City of Lubbock

Baird led the City of Lubbock’s water and wastewater financing through a volatile market, achieving strong investor demand, meaningful repricing, and cost savings while funding critical infrastructure improvements.

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Classic Charter Schools Building
Municipal
Lead Bookrunner
Charter Schools
Classical Charter Schools

Baird served as sole underwriter on Classical Charter Schools’ $40 million bond financing, supporting the development of a new South Bronx campus backed by a high-performing charter network.

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Municipal
Lead Bookrunner
Municipalities & Counties
County of Davidson

Baird served as senior managing underwriter for Davidson County, NC’s $21 million limited obligation refunding bonds, helping the County capture debt service savings and attract strong investor demand despite a volatile market environment.

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Municipal
Lead Bookrunner
Municipalities & Counties
City of Crawfordsville

Baird partnered with Crawfordsville to deliver a $5.9 million bond financing, achieving strong demand and efficient pricing to support key infrastructure and economic development projects.

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Municipal
Lead Bookrunner
K-12 Education
Beech Grove Central Schools Building Corporation (School City of Beech Grove)

Baird partnered with Beech Grove Central Schools Building Corporation to refinance outstanding debt, leveraging strong investor demand and strategic pricing to achieve savings and enhance the School Corporation’s financial flexibility.

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Municipal
Lead Bookrunner
Municipalities & Counties
Fairfield County

Baird supported Fairfield County’s $21 million dual bond issuance, securing capital for roadway improvements and strategic refunding while navigating uneven market demand.

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Municipal
Lead Bookrunner
K-12 Education
Central Noble Community School Corporation

Baird helped Central Noble Community School Corporation refinance existing debt, leveraging strong demand in key maturities to achieve favorable pricing and deliver meaningful debt service savings.

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Municipal
Lead Bookrunner
K-12 Education
Frenship Independent School District

Baird served as sole managing underwriter for Frenship ISD’s $7.6 million Unlimited Tax Refunding Bonds, helping the District achieve debt service savings while efficiently distributing the bonds in a small, non-callable transaction.

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Municipal
Lead Bookrunner
K-12 Education
Sandwich Community Unit School District No. 430

Baird helped Sandwich CUSD No. 430 efficiently finance facility improvements and strengthen its Working Cash Fund, delivering strong investor demand and competitive borrowing costs to support the District’s transition to a K–5 model.

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Municipal
Lead Bookrunner
K-12 Education
Liberty Hill Independent School District

Baird served as sole managing underwriter for Liberty Hill ISD’s $19.6 million Unlimited Tax School Building Bonds, helping efficiently distribute the financing and achieve pricing improvements amid strong demand for Texas PSF-guaranteed bonds.

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Municipal
Lead Bookrunner
Charter Schools
Zeta Charter Schools

Baird served as sole managing underwriter on Zeta Charter Schools’ $167.7 million bond financing, executing the charter sector’s first hybrid 10-year bullet and 40-year structure to lower borrowing costs and expand investor demand.

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Children entering the door of a yellow school bus.
Municipal
Lead Bookrunner
K-12 Education
Twin Rivers Unified School District

Twin Rivers USD executed a $76.7M forward-delivery refunding ahead of its call date, locking in rates early.

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Municipal
Lead Bookrunner
K-12 Education
Oxnard Union High School District

Oxnard Union High School District completed $104.5M across new money and refunding bonds in a coordinated offering.

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Municipal
Lead Bookrunner
K-12 Education
Oxnard School District

Oxnard School District tapped the market with a zero coupon BAN featuring a unique stepped call. Early investor outreach sparked broad interest, driving 13.7x orders to support cost-effective interim financing.

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Municipal
Lead Bookrunner
K-12 Education
Crestview Local School District

Baird helped Crestview Local School District refund outstanding debt and fund key facility improvements through a well-timed dual-series financing that attracted strong investor demand.

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Middle school ages students raising their hands while sitting in class.
Municipal
Lead Bookrunner
K-12 Education
Oak Grove School District

Oak Grove School District issued $71.5M of voter-approved bonds to fund campus upgrades and technology improvements.

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Lead Bookrunner
K-12 Education
Municipal
Goose Creek Consolidated Independent School District

Baird served as sole managing underwriter for Goose Creek CISD’s $34.4M refunding bonds, delivering strong investor demand and debt service savings.

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Municipal
Lead Bookrunner
Special Districts
Carol Stream Park District

Baird structured three-series general obligation bond financing totaling $11.6M for Carol Stream Park District.

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Lead Bookrunner
Charter Schools
Aristoi Classical Academy

Learn how Baird structured $43M in bonds for Aristoi Classical Academy to fund campus expansions and improvements, advancing access to classical K–12 education in Texas.

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A group of students wearing uniforms standing outside of a school building.
Lead Bookrunner
Charter Schools
The Renaissance Charter School 2

See how Baird underwrote nearly $97M in bonds for The Renaissance Charter School 2 in Queens, New York, enabling the school to purchase its Elmhurst campus and strengthen long-term facility stability.

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Lead Bookrunner
Charter Schools
Midlands STEM Charter School

Discover how Baird’s financing helped Midlands STEM Charter School in South Carolina move from leased space to a permanent, purpose-built STEM facility, supporting growth and community impact.

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Lead Bookrunner
Charter Schools
American Leadership Academy Lexington

Baird helped American Leadership Academy Lexington in South Carolina secure bond financing for new facilities, supporting campus expansion and increased access to quality education.

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Lead Bookrunner
Utilities
Cibolo Creek Municipal Authority

As senior managing underwriter for Cibolo Creek Municipal Authority's $8.39M contract revenue bonds, Baird supported a major South Wastewater Treatment Plant expansion to meet fast-growing regional wastewater needs.

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Four students wearing uniforms posing in a classroom.
Lead Bookrunner
Charter Schools
Pinecrest Academy of Nevada

Discover how Baird helped Pinecrest Academy of Nevada in Las Vegas secure financing to acquire and improve a permanent campus in Southern Nevada, supporting long-term growth and expanded educational opportunities.

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Lead Bookrunner
Higher Education
Community College District No. 531 (Shawnee Community College)

Baird guided Shawnee Community College to efficient, well‑timed execution on $5.3M GO bonds, delivering steady investor interest and cost‑effective funding despite a volatile post‑holiday market.

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Child looking at books in a library.
Lead Bookrunner
K-12 Education
Bellflower Unified School District

See how Baird positioned Bellflower Unified School District’s $33M bond refinancing to capitalize on favorable market conditions, delivering strong investor demand and efficient long-term capital savings.

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Elementary school aged child getting onto a school bus.
Lead Bookrunner
K-12 Education
Huber Heights City School District

Baird delivered efficient execution and strong investor participation on Huber Heights CSD's $32.3M GO refunding bonds, generating debt‑service savings and preserving financial flexibility for the district.

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Lead Bookrunner
Utilities
The City of Loudon

As sole managing underwriter, Baird secured strong investor demand for Loudon’s $21.2M water & sewer revenue bonds, helping the City achieve improved pricing and cost‑effective funding for major utility system expansion.

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Lead Bookrunner
Municipalities & Counties
City of Athens

Baird, as sole managing underwriter, delivered strong demand for Athens’ $4.5M refunding bonds—lowering borrowing costs on short maturities and stepping in with underwriting support to ensure a smooth, efficient execution.

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Lead Bookrunner
K-12 Education
Pacific Grove Unified School District

Learn how Baird partnered with Pacific Grove Unified School District to structure a multi-series financing that advanced key technology upgrades and facilities improvements through strategic general obligation bonds.

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Lead Bookrunner
Transportation
Harris County

Harris County secured efficient execution and long‑term savings on its $227.4M toll road refunding as Baird, serving as senior managing underwriter, strategically structured and marketed the deal to capture a favorable market window.

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Students in a classroom raising their hands while sitting at desks.
Lead Bookrunner
K-12 Education
Community Unit School District Number 4 Williamson, Jackson and Franklin Counties (Herrin)

Baird, serving as sole managing underwriter, delivered strong investor engagement and efficiencies gains on Herrin CUSD No. 4’s $17.2M GO refunding, securing meaningful savings through strategic structuring in a shifting market.

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Elementary school aged child wearing a backpack.
Lead Bookrunner
K-12 Education
Santa Monica-Malibu Unified School District

Baird helped Santa Monica-Malibu Unified School District structure a dual-series general obligation bond financing, supporting facilities improvements and long-term capital planning while generating taxpayer savings.

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Children hanging on playground equipment in a park during the day.
Lead Bookrunner
K-12 Education
Otsego Local School District

Strong investor demand helped Otsego Local Schools lower borrowing costs on its $6.35M refunding, with tightened yields across key maturities- an efficient, well‑timed execution made possible through effective marketing and pricing by Baird.

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Middle school ages students raising their hands while sitting in class.
Lead Bookrunner
K-12 Education
Petaluma City Schools

Baird helped Petaluma City Schools structure a three-series general obligation bond financing, advancing facility projects and supporting the district’s long-term capital planning needs.

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Students being assisted by a crossing guard as they cross a street as a bus waits in the background.
Lead Bookrunner
K-12 Education
Rum River Special Education Cooperative

Baird's Public Finance team collaborated with Rum River Special Education Cooperative in advancing its plan for a modern special‑education facility with $15.5M in financing to replace its aging North building.

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Lead Bookrunner
K-12 Education
Pike-Delta-York Local School District

Strong investor demand and disciplined pricing helped Pike‑Delta‑York Local School District secure efficient execution and steady subscription on its $3.3M refunding, emphasizing Baird’s active market management and timely adjustments.

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Lead Bookrunner
Municipalities & Counties
County of Defiance

Baird, serving as Sole Managing Underwriter, delivered strong demand and lower yields across key maturities on Defiance County’s $8.5M Aa1‑rated financing, helping advance major facility and infrastructure upgrades.

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Municipal Advisor
Municipalities & Counties
City of Pontiac

Baird guided Pontiac through a successful $18.68M capital improvement financing that achieved an inaugural AA‑ rating and strong investor participation. This aided in advancing the City’s new recreation center and long‑term revitalization goals.

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Lead Bookrunner
K-12 Education
School District No. 52 Tazewell County (Washington)

School District No. 52 Tazewell County utilized Baird's creative structuring and active outreach to generate a 2-8x oversubscription, secure favorable pricing and advance construction of a new Lincoln School building.

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Lead Bookrunner
Municipalities & Counties
City of Lexington

Baird delivered strong execution on the City of Lexington’s $4M Electric System Revenue Bonds, structuring term bonds and securing bank‑qualified status to boost demand, reduce financing costs, and advance the City’s fiber and electric system upgrades.

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Lead Bookrunner
Municipalities & Counties
Village of Hampshire

The Village of Hampshire secured favorable rates on its $12.9M GO financing through strategic structuring, active market engagement, and real‑time pricing adjustments executed by Baird.

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Lead Bookrunner
Charter Schools
Cherokee Classical Academy

Baird served as sole manager to Cherokee Classical Academy in Georgia. This transaction is the first “start up school” to be taken to the public market as opposed to being placed with a single investor.

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Lead Bookrunner
K-12 Education
Anthony Wayne Local School District

Baird, serving as sole managing underwriter, secured strong demand for Anthony Wayne Local School District's $9.15M refunding, generating meaningful savings and preserving long‑term flexibility for the District.

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Lead Bookrunner
Higher Education
Aurora University

Baird served as sole managing underwriter on the University's $15.3M Adjustable Rate Demand Economic Development Revenue Bonds, Series 2025.

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Lead Bookrunner
K-12 Education
Ector County Independent School District

ECISD secured strong long‑end demand and lower yields on its $120.4M Texas school building bonds, reducing borrowing costs and fully placing maturities. This outcome was delivered through disciplined execution by Baird.

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Municipal Advisor
Municipalities & Counties
City of Woodstock

Baird served as a municipal advisor to the City of Woodstock via competitive sale achieving a true interest cost of 4.55% on a 20-year term.

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Lead Bookrunner
Utilities
Greater Texoma Utility Authority

Continuing its multi‑year support of GTUA, Baird has helped the Authority manage rapid growth while sustaining market confidence.

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Lead Bookrunner
K-12 Education
Belpre City School District

Baird acted as sole managing underwriter to Belpre CSD to finance the construction of a new combined middle and high school building.

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Elementary school ages children laying on a carpet with their heads together in a circle.
Lead Bookrunner
K-12 Education
Hermosa Beach City School District

Baird structured a general obligation bond financing for Hermosa Beach City School District, providing funding aligned with voter-approved priorities.

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Lead Bookrunner
Municipalities & Counties
City of Winston-Salem

Baird served as sole managing underwriter for the City of Winston-Salem’s $40.8M bonds, financing a variety of capital projects.

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Lead Bookrunner
K-12 Education
Evanston-Skokie Community Consolidated School District #65

Baird underwrote Evanston-Skokie CCSD #65’s $21.1M bonds, generating $1.46M in present value debt savings.

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Lead Bookrunner
K-12 Education
Navarro Independent School District

Baird served as senior managing underwriter for two series of bonds for Navarro ISD, including a fixed-rate portion and a soft put structure.

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Lead Bookrunner
Municipalities & Counties
City of Pearland

Baird underwrote the City of Pearland’s $167.8M multi-series bonds to fund a variety of public improvements.

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Lead Bookrunner
Special Districts
Oregon Fire Protection District

Baird served as sole managing underwriter on Oregon FPD’s $3.6M bonds after being hired through a competitive RFP process.

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Lead Bookrunner
Charter Schools
Wake Preparatory Academy

Baird served as sole managing underwriter to Wake Preparatory Academy in North Carolina to support WPA's continued growth.

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Lead Bookrunner
Utilities
City of Hendersonville

Baird served as sole managing underwriter to the City of Hendersonville to issue bonds supporting various improvements to the City's Water and Sewer System.

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Placement Agent
Municipalities & Counties
City of Decatur

Baird secured a 4.00% fixed interest rate after engaging more than 20 banks, ultimately delivering over $2M in cash savings for the City of Decatur.

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Lead Bookrunner
K-12 Education
Red Oak Independent School District

Baird underwrote Red Oak ISD’s $171M bond sale, securing strong demand and creative pricing to fund new and upgraded school facilities, including a new middle school and major athletic improvements.

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Lead Bookrunner
Charter Schools
American Leadership Academy

To support facility expansion and long-term planning, American Leadership Academy in Utah completed a $24.3M bond financing with Baird serving as sole managing underwriter.

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Placement Agent
Municipalities & Counties
City of Decatur

Baird served as placement agent on the City of Decatur’s $26.8M refunding, engaging over 25 banks, ultimately achieving $926K in gross debt service savings and $795K in present value savings.

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Lead Bookrunner
Municipalities & Counties
Village of Oswego

Baird underwrote $23.3M in GO and taxable GO bonds to help Oswego fund waterworks and sewerage system improvements.

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Lead Bookrunner
K-12 Education
Twin Rivers Unified School District

Baird served as sole managing underwriter on a $98.97M, three-series general obligation bond financing for Twin Rivers Unified School District, securing strong investor demand.

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Children entering the door of a yellow school bus.
Municipal Advisor
K-12 Education
School District of the City of Pontiac

Baird served as municipal advisor to the School District of the City of Pontiac's $132M bond financing, serving to execute three structured phases.

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Lead Bookrunner
Charter Schools
Legacy Traditional Schools

Baird served as sole managing underwriter for Legacy Traditional Schools’ expansion with its first campus in South Carolina.

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Lead Bookrunner
Charter Schools
IDEA Public Schools

IDEA Public Schools in Texas partnered with Baird on a $286.9M bond offering to advance IDEA's college-ready mission.

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Lead Bookrunner
Charter Schools
GreatHearts Arizona

Great Hearts partnered with Baird to complete a financing to support a range of strategic initiatives across Great Hearts Arizona network.

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Lead Bookrunner
K-12 Education
Santa Monica-Malibu Unified School District

Baird structured a $200M general obligation bond financing for Santa Monica-Malibu Unified School District, generating strong investor demand and interest cost savings.

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Lead Bookrunner
Municipalities & Counties
City of Rockford

Baird served as sole managing underwriter to market the City of Rockford’s $12.9M GO bonds, aiming to secure funding for legal settlements.

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Municipal Advisor
Municipalities & Counties
City of Park Ridge

Hired through a competitive RFP process, Baird served as municipal advisor to the City of Park Ridge on a competitive sale achieving a true interest cost of 4.17%.

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Lead Bookrunner
Utilities
City of West Columbia

Baird underwrote $33.41M utility revenue bonds to redeem BANs and fund major water/sewer upgrades for the City of West Columbia. Strong demand tightened yields, enabling cost‑efficient financing for key infrastructure improvements.

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Lead Bookrunner
Municipalities & Counties
Orange County

Orange County issued $67.3M in Limited Obligation Bonds to finance acquisition, construction, equipping and improvement of certain County facilities.

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Lead Bookrunner
Special Districts
Winnebago County Forest Preserve District

Baird, as sole underwriter on Winnebago County Forest Preserve District’s $1.9M GO Limited Tax Bonds, led a strategic marketing and pricing process generating $2M in proceeds to finance capital improvements throughout the District.

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Lead Bookrunner
K-12 Education
Antelope Valley Joint Union High School District

Baird acted as sole managing underwriter on a $74.9M general obligation bond financing for Antelope Valley Joint Union High School District, supporting funding through a voter-approved measure.

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Lead Bookrunner
K-12 Education
Petaluma City Schools

Baird completed a $76M general obligation bond financing for Petaluma City Schools, supporting projects and funding priorities approved by local voters.

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Placement Agent
Special Districts
Community Park District of La Grange Park

Baird served as placement agent to the Community Park District of La Grange Park generating $1.15M in project funds to various park improvements including tennis court repairs.

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Lead Bookrunner
Charter Schools
Uplift Education

Baird’s National Charter School Finance team served as sole managing underwriter on the $22.0M PSF-guarantee financing for Uplift.

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High school students sitting and standing on stairs while talking.
Lead Bookrunner
K-12 Education
Fort Bend Independent School District

As sole managing underwriter for Fort Bend ISD’s $143.8M variable‑rate refunding bonds, Baird optimized pricing amid a weak market. A one-hour order period was used to navigate the market efficiently, ultimately pricing on scale.

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Lead Bookrunner
Municipalities & Counties
Redevelopment Authority of the Village of Slinger

Baird served as sole managing underwriter on the Redevelopment Authority of the Village of Slinger’s $14.9M lease revenue bonds to fund the construction and equipping of a new police station in the village.

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Lead Bookrunner
K-12 Education
San Bernardino City Unified School District

Baird structured a $94.7M certificates of participation financing for San Bernardino City Unified School District, supporting district projects and funding priorities approved by local voters.

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Lead Bookrunner
K-12 Education
San Bernardino City Unified School District

Baird structured a $28M general obligation bond financing for San Bernardino City Unified School District, supporting key project funding and priorities approved by local voters.

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Placement Agent
Municipalities & Counties
City of Urbana

Baird served as placement agent on the City of Urbana’s $9M GO Bonds. The week leading up to the bond sale was one of the most volatile weeks since COVID.

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Lead Bookrunner
Municipalities & Counties
Buncombe County

In the aftermath of Hurricane Helene, the County faced significant environmental and economic challenges. Baird served as sole managing underwriter to Buncombe County successfully leading the County's $53.7M bond refunding.

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Lead Bookrunner
Special Districts
Manhattan Park District

Baird served as sole managing underwriter on Manhattan Park District’s $2.0M GO Bonds, generating $2M in proceeds to finance various capital improvements.

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Lead Bookrunner
K-12 Education
Chualar Union School District

Chualar Union School District partnered with Baird on a $2.9M general obligation bond issuance to secure funding aligned with voter-approved priorities.

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Municipal Advisor
State
Kentucky Municipal Energy Agency

Baird served as municipal advisor to KYMEA helping power a new era of reliable, flexible energy for Kentucky communities.

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Lead Bookrunner
Special Districts
Hanover Park Park District

As sole managing underwriter, Baird led execution of Hanover Park Park District's $8M GO Park Bonds to replace aging community‑center roofs, a critical facility need.

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Lead Bookrunner
K-12 Education
Norwalk City School District

Acting as sole managing underwriter, Baird led Norwalk CSD's $47.7M school bond sale. Baird’s underwriting desk had a successful pre-marketing session that allowed adjustments the structure, mutually benefiting the issuer and investors.

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Municipal
Lead Bookrunner
Special Districts
Forest Preserve District of DuPage County

Baird served as sole manager on the negotiated sale of the Forest Preserve District of DuPage County’s $79.9M General Obligation Limited Tax Bonds, receiving orders from 34 investors.

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Municipal
Co-Manager
K-12 Education
Elgin School District No. 46

Following a competitive RFP process, Baird was selected to serve as a 25% co-managing underwriter on Elgin School District U-46’s $57.2M General Obligation School Bonds.

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Lead Bookrunner
K-12 Education
Santa Monica-Malibu Unified School District

Baird led a $13.4M federally taxable COPs financing for Santa Monica-Malibu Unified School District to support property acquisition and district funding plans amid a challenging market environment.

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Municipal
Lead Bookrunner
Municipalities & Counties
United City of Yorkville

Baird served as sole manager on the $63.6M negotiated sale of the United City of Yorkville’s GO Bonds during a heavy supply week, with a marketing strategy that generated over $322M in orders from 33 investors.

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Municipal
Lead Bookrunner
Special Districts
Oswegoland Park District

Baird served as sole managing underwriter on Oswegoland Park District's $5.0M GO Limited Tax Park Bonds generating $5.2M in proceeds to finance four major facilities projects.

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Lead Bookrunner
Charter Schools
Pinecrest Academy of Nevada

Baird served as senior managing underwriter for Pinecrest Academy of Nevada's $37.3M financing, the first publicly sold charter school issue rated in the 'BB'-category to be priced with discount bonds by any underwriter in 2024.

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Lead Bookrunner
K-12 Education
Upper Lake Unified School District

Baird’s California K-12 Public Finance group served as sole managing underwriter on a $4.82M certificates of participation financing for Upper Lake Unified School District, tailored to the district’s energy efficiency needs amid a volatile market.

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Lead Bookrunner
K-12 Education
Pacific Grove Unified School District

Pacific Grove Unified School District worked with Baird on an $8.7M general obligation bond financing linked to a voter-approved measure, executed in a challenging market environment with disciplined pricing and strong investor interest.

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Municipal
Lead Bookrunner
K-12 Education
Comal Independent School District

Baird served as senior managing underwriter on Comal ISD’s $465.7M new money and refunding bonds, achieving a 3.80% true interest cost and delivering $10.3M in net present value savings from the refunding.

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Lead Bookrunner
Special Districts
Community Park District of La Grange Park

With a goal to maximize proceeds despite rising construction costs, Baird underwrote the Community Park District of La Grange Park's $10.7M park bonds to fund a major recreation center expansion.

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Lead Bookrunner
Charter Schools
American Leadership Academy

Baird served as sole managing underwriter to American Leadership Academy in Arizona to achieve strong investor demand, resulting in competitive yields.

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Lead Bookrunner
Charter Schools
Valor Education

To support a campus expansion project, Valor Education in Texas partnered with Baird to serve as sole managing underwriter on a non-rated financing.

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Lead Bookrunner
Municipalities & Counties
City of East Peoria

Baird underwrote the City of East Peoria’s $19.3M GO Bonds to finance a new police station. The City secured a true interest cost of 4.16% on a 27 year financing.

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Lead Bookrunner
Charter Schools
Dayton Regional STEM School

Given the unique nature of a STEM designated 501(c)(3) non-profit independent school, Baird’s Columbus Ohio office collaborated with the firm’s National Charter School Finance team to serve as sole managing underwriter on the $21.5M Baa3 rated financing for Dayton Regional STEM School.

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Lead Bookrunner
Municipalities & Counties
Village of Bedford Park

Bedford Park aimed to fund Phase  2 of its Event Center expansion by adding major sports, retail, and community amenities. Baird served as sole managing underwriter on the Hotel/Motel Tax Revenue Bonds.

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Lead Bookrunner
Municipalities & Counties
Village of Plainfield

Baird identified the Village’s First Lien Water and Sewer Revenue Refunding Bonds, Series 2015 as a potential current refunding candidate in early 2024 and served as sole underwriter to generate gross debt service savings of $333K for the Village.

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Lead Bookrunner
Authority
Trinity River Authority of Texas

Baird served as senior managing underwriter to the Trinity River Authority of Texas' Red Oak Creek System bonds to provide funds to refund a portion of outstanding revenue bonds.

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Municipal Advisor
Municipalities & Counties
City of Woodstock

Baird served as municipal advisor, guiding the City of Woodstock’s $12.0M GO bond issuance from planning through competitive sale, ultimately achieving a true interest cost of 3.87%.

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Lead Bookrunner
Municipalities & Counties
City of Springfield

Baird served as senior managing underwriter on Springfield’s $25.1M GO Refunding & Improvement Bonds, delivering debt service savings and financing three new fire stations.

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Lead Bookrunner
K-12 Education
Tipp City Exempted Village School District

As sole managing underwriter, Baird helped Tipp City Exempted Village School District issue $78.3M in bonds to fund a new PK–8 school and upgrades to existing facilities.

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Lead Bookrunner
Municipalities & Counties
City of Rowlett

As senior managing underwriter, Baird helped the City of Rowlett issue three 2024 series to refund obligations for debt service savings and fund streets, roads and park enhancements.

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Municipal Advisor
Municipalities & Counties
City of Champaign

Baird served as municipal advisor on the City’s $34.2M General Obligation Bonds, Series 2024, financing stormwater and sewer improvements across the City.

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Municipal
Lead Bookrunner
K-12 Education
Santa Monica – Malibu Unified School District

As senior managing underwriter, Baird helped the District achieve more than $91M in total debt service savings over the life of its Malibu Schools Election of 2018 bond program versus original voter estimates.

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Lead Bookrunner
Municipalities & Counties
Village of East Dundee

Baird underwrote East Dundee’s $5.5M Series 2024 GO Bonds, financing a new parking garage and refinancing prior tax increment revenue bonds for debt service savings.

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Municipal
Lead Bookrunner
Charter Schools
Legacy Traditional Schools

Baird served as sole managing underwriter for Legacy Traditional Schools in Arizona, generating approximately $19.4M in gross savings from the refunding.

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Lead Bookrunner
Charter Schools
Riverside Leadership Academy

Riverside Leadership Academy in North Carolina partnered with Baird, as sole managing underwriter, in order to create financing solutions for a new charter school.

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Municipal Advisor
Municipalities & Counties
Village of Glen Ellyn

Baird served as municipal advisor on the Village of Glen Ellyn’s $6.2M GO Bonds, Series 2024, financing wastewater treatment facility improvements for the Glenbard Wastewater Authority.

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Municipal
Lead Bookrunner
K-12 Education
Woodside Elementary School District

Baird served as sole managing underwriter on the $20M GO Bonds, Election of 2024, attracting participation from 11 accounts and committing to underwrite just over $1.8M of unsold balances.

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Lead Bookrunner
Municipalities & Counties
City of Hutto

Baird led underwriting for the City of Hutto’s 2024 GO Bonds and Combination Tax and Revenue Certificates of Obligation, supporting transportation and water and wastewater infrastructure improvements.

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Lead Bookrunner
Municipalities & Counties
Village of Hoffman Estates

Baird served as sole underwriter on the Village of Hoffman Estates’ $8.8M Series 2024 GO Bonds to finance the design, construction and equipment of Fire Station 21.

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Municipal
Lead Bookrunner
K-12 Education
Stanislaus Union School District

Baird’s California K–12 Public Finance Group underwrote its first negotiated issue at the firm. Despite a challenging market, the deal was oversubscribed, with all bonds sold at tighter spreads to MMD than a comparable recent A+ insured transaction.

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Municipal
Lead Bookrunner
Charter Schools
KIPP Capital Region Public Charter Schools

Baird served as sole managing underwriter on KIPP Capital Region’s $50.1M BBB-rated bond issue. Strong investor demand supported an aggressive 20-basis-point reprice, with participation from more than 20 accounts.

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Municipal
Lead Bookrunner
K-12 Education
2004 Center Grove School Building Corporation

Baird served as sole managing underwriter for Center Grove Community School Corporation, securing participation from 14 institutional investors and delivering cost-effective interest rates.

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Municipal
Lead Bookrunner
Charter Schools
Seven Hills Preparatory Academy

Baird served as lead bookrunner on Seven Hills Preparatory Academy’s non-rated 37-year fixed-rate financing, privately placing the Series 2024 Bonds with three investors and securing a 6.344% true interest cost.

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Beech Grove Central Schools Building Corporation (School City of Beech Grove)

Baird refinanced the School City of Beech Grove’s outstanding taxable bond to tax-exempt status, generating approximately $100K in debt service savings.

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Municipal
Lead Bookrunner
Charter Schools
New Designs Charter Schools

Baird served as sole managing underwriter for New Designs Charter School in California, generating strong demand from 18 accounts.

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Lead Bookrunner
Municipalities & Counties
City of Corpus Christi

As senior managing underwriter, Baird helped the City of Corpus Christi issue three bond series to support a range of public improvement projects.

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Municipal
Lead Bookrunner
Charter Schools
ASTEC Charter Schools

Baird served as sole managing underwriter on Oklahoma’s first and largest publicly offered charter school transaction.

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Municipal
Lead Bookrunner
Charter Schools
IDEA Public Schools

Baird served as sole managing underwriter for IDEA Public Schools’ $204.6M bond issue, attracting strong investor demand.

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Lead Bookrunner
Authority
Baytown Area Water Authority

Baird served as senior underwriter on the Baytown Area Water Authority’s $21.5M Water Supply Contract Revenue Bonds, supporting raw water rehabilitation projects and water treatment expansion.

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Municipal
Lead Bookrunner
Charter Schools
Harmony Public Schools

Baird served as senior managing underwriter on Harmony Public Schools’ $212.4M Texas PSF Guaranteed bond issue, recommending a flexible marketing strategy to capitalize on favorable market conditions while allowing pricing adjustments as needed.

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Municipal
Lead Bookrunner
Charter Schools
North East Carolina Preparatory School

Driven by Baird’s aggressive marketing, the transaction drew strong investor interest on pricing day. Baird also recommended pursuing a bond rating, which enhanced market reception after the School achieved investment-grade status.

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Municipal
Lead Bookrunner
Charter Schools
Great Hearts America – Texas

Baird served as sole managing underwriter for Great Hearts Texas, leveraging strong investor demand to support expansion and accommodate growing enrollment.

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Municipal
Lead Bookrunner
Charter Schools
Treasure Valley Classical Academy

Baird served as sole managing underwriter for Treasure Valley Classical Academy, helping finance the acquisition of its leased school facilities and attracting participation from 12 accounts.

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Lead Bookrunner
Municipalities & Counties
City of Aurora

Baird served as senior managing underwriter on Aurora’s $55.8M Taxable GO Bonds, supporting the city’s investment in the new Hollywood Casino.

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Lead Bookrunner
K-12 Education
Bourbonnais School District No. 53

Baird served as sole underwriter on Bourbonnais School District No. 53’s $3M General Obligation Limited Tax School Bonds to increase working cash, fund roof projects and equipment replacement.

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Lead Bookrunner
Municipalities & Counties
City of Geneva

Baird served as sole underwriter on the City’s $27.615M General Obligation Bonds (Alternate Revenue Source), Series 2024, financing electric system improvements amid a volatile market.

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Placement Agent
Municipalities & Counties
City of Marengo

Baird acted as placement agent on Marengo’s $24M General Obligation Grant Anticipation Promissory Note, securing a variable interest rate through 2028.

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Lead Bookrunner
Municipalities & Counties
Village of West Dundee

Baird served as sole underwriter on the Village of West Dundee’s $20.3M Series 2024 GO Bonds, financing acquisition of land for future development in the Village’s Spring Hill Mall TIF District.

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Lead Bookrunner
Special Districts
Winfield Fire Protection District

Baird served as sole underwriter on Winfield Fire Protection District’s $7.3M General Obligation Bonds, Series 2024, generating $7.5M to build and equip a new fire station in a well-received negotiated sale.

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Municipal
Lead Bookrunner
Charter Schools
Victory Charter School

To continue supporting its mission, Victory Charter School financed facility improvements with Baird serving as sole managing underwriter.

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Placement Agent
Municipalities & Counties
City of Chenoa

Baird served as placement agent to the City of Chenoa, contacting over 30 banks. The refinancing achieved $72.5K in gross debt service savings and $60.0K in present value savings.

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Co-Manager
K-12 Education
Elgin School District No. 46

Baird served as co-manager on Elgin School District No. 46’s $57.2M General Obligation School Bonds, Series 2024, financing safety and security upgrades, facility improvements and new classrooms.

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Lead Bookrunner
Municipalities & Counties
City of Rochelle

Baird served as sole underwriter on the City of Rochelle’s $2.5M General Obligation Bonds, Series 2023A, financing downtown TIF district improvements.

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Lead Bookrunner
Special Districts
Oswegoland Park District

Baird underwrote Oswegoland Park District’s $3.0M Limited Tax Park Bonds, Series 2023 to refinance various facility improvements.

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Lead Bookrunner
K-12 Education
Sandwich Community Unit School District No. 430

Explore how Sandwich Community Unit School District No. 430 partnered with Baird on a fixed income financing strategy to support long‑term capital needs.

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Lead Bookrunner
Municipalities & Counties
City of Dekalb

As senior managing underwriter, Baird helped the City of DeKalb issue GO Bonds to finance the construction of a new fire station.

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Municipal
Placement Agent
Special Districts
Belvidere Township Park District

Baird served as placement agent to Belvidere Township Park District, soliciting bids from over 20 banks.

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Lead Bookrunner
Municipalities & Counties
County of Edgar

Baird served as sole managing underwriter on Edgar County’s $8.0M General Obligation Bonds, financing a new County jail.

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Municipal
Lead Bookrunner
Authority
Pasadena Economic Development Corporation

Baird served as senior managing underwriter to the Pasadena Economic Development Corporation. The true interest cost of the financing was finalized at 4.92%.

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Municipal
Lead Bookrunner
K-12 Education
Hutto Independent School District

Baird served as senior managing underwriter for Hutto ISD, working closely with the District and its municipal advisor to support a community awareness campaign. Baird helped develop website and social media materials to educate and engage retail investors.

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Lead Bookrunner
Municipalities & Counties
United City of Yorkville

Baird served as sole underwriter on the United City of Yorkville’s $9.9M General Obligation Bonds to finance enhancements to the City's water supply system.

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Lead Bookrunner
Special Districts
Oswego Fire Protection District

Baird served as sole underwriter on Oswego Fire Protection District’s $11.5M General Obligation Bonds. Proceeds financed referendum-approved capital improvements and equipment in and for the District.

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Lead Bookrunner
Municipalities & Counties
The County of Jo Daviess

Baird served as sole underwriter on the County of Jo Daviess’ $8.6M General Obligation Bonds, financing various improvement to the courthouse.

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City of Peoria

Baird served as sole managing underwriter on the City of Peoria's GO Bonds which generated $20M to finance various improvements to the Peoria Civic Center.

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Lead Bookrunner
K-12 Education
South Beloit Community Unit School District No. 320

Baird served as sole underwriter on South Beloit CUSD 320’s $5.5M School Facilities Bonds, financing fire prevention and life safety improvements to existing school buildings.

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Lead Bookrunner
Municipalities & Counties
City of Rochelle

Baird served as sole underwriter on the City of Rochelle’s $4.7M General Obligation Bonds which generated $5 million to finance improvements to the City’s electric system.

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Municipal
Lead Bookrunner
K-12 Education
Boerne Independent School District

Baird offered several ideas for the district to reduce the cost of borrowing and manage its tax rate. In its first transaction with Boerne ISD, Baird added variable-rate bonds to the debt strategy to give the district more flexibility and control. 

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Lead Bookrunner
K-12 Education
Palatine Community Consolidated School District No. 15

Baird served as senior manager on Palatine CCSD No. 15’s $45.7M General Obligation School Bonds which were part of a $93M referendum approved by voters.

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Municipal
Lead Bookrunner
Municipalities & Counties
Town of Clayton

Baird underwrote the Town of Clayton’s $95.8M water and sewer revenue bonds as part of a multifaceted capital plan that also included SRF loans, state appropriations and additional revenue bonds.

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Lead Bookrunner
K-12 Education
Lindop School District Number 92

Baird assisted District 92 in a successful Debt Service Extension Base referendum. The bonds generated $5.2M for much needed capital improvements to the school building.

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Placement Agent
Municipalities & Counties
North Park Fire Protection District

Baird served as placement agent on the North Park Fire Protection District’s $5.0M General Obligation Bonds locking in a fixed rate of 4.68% for a 20-year term.

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Placement Agent
Special Districts
Park District of Forest Park

Baird served as placement agent for the Park District of Forest Park, receiving an all-in true interest cost of 3.49%.

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Placement Agent
Special Districts
Country Club Hills Park District

Baird was appointed as placement agent on Country Club Hills Park District's $2.1M refunding park bonds, achieving an all-in true interest cost of 3.42%.

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Placement Agent
Special Districts
Richton Park Public Library District

As placement agent, Baird helped the Richton Park Public Library District lock in a tax-exempt rate on April 20th and deliver the refunding bonds five months later in September 2022 to eliminate market risk.

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Placement Agent
Higher Education
Quad Cities Regional Economic Development Authority (Augustana College)

Baird served as placement agent on Augustana College's $17.3M Revenue Refunding Bonds. To generate the lowest borrowing cost for the College, the bonds were issued as double tax-exempt through the Quad Cities Regional Economic Development Authority.

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Placement Agent
Special Districts
Forest Preserve District of Du Page County

Baird identified a refunding opportunity for the District’s 2012 GO Limited Tax Bonds and served as placement agent negotiating final terms with the local bank.

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Placement Agent
Special Districts
Hanover Park Park District

Baird served as placement agent on the Hanover Park Park District’s $2.5M General Obligation Park Bonds, achieving an all-in true interest cost of 3.27%.

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Municipal Advisor
Special Districts
Deerfield Park District

Baird served as municipal advisor on the Deerfield Park District’s $4.9M GO Limited Tax Park Bonds, supporting park improvements and recreation facility upgrades.

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Lead Bookrunner
Special Districts
Waukegan Park District

Baird was appointed as sole underwriter on the negotiated sale of Waukegan Park District’s $12M General Obligation Park Bonds supporting various capital improvements.

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Municipal
Co-Manager
Higher Education
Wisconsin Health and Educational Facilities Authority (Marquette University)

Baird served as co-managing underwriter on the University’s Refunding Revenue Bonds, Series 2022.

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Placement Agent
Special Districts
Clark-Edgar Rural Water District

As placement agent, Baird negotiated terms and interest rate levels with a local bank that purchased the bonds for the Clark-Edgar Rural Water District.

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Municipal
Lead Bookrunner
Charter Schools
IDEA Public Schools

Baird underwrote $94.9M in bonds for IDEA Public Schools, delivering a combined financing at an attractive interest rate through an aggressive marketing effort led by the firm’s underwriting desk and sales force.

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Lead Bookrunner
Special Districts
Forest Preserve District of Du Page County

Baird served as sole underwriter on the Forest Preserve District of DuPage County’s $32.5M GO Limited Tax Park Bonds, to fund significant capital projects.

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Lead Bookrunner
K-12 Education
Stockton Community Unit School District No. 206

Baird served as sole underwriter on Stockton CUSD No. 206’s $4.0M School Building Bonds. The Bonds achieved an all-in true interest cost of 2.41% on a 20-year bank-qualified transaction.

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Lead Bookrunner
K-12 Education
Sycamore Community Unit School District No. 427

Baird served as sole underwriter on Sycamore CUSD 427’s $9.1M General Obligation Refunding School Bonds, helping restructure prior debt.

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Lead Bookrunner
K-12 Education
Calumet City School District No. 155

Baird served as sole underwriter on Calumet CSD No. 155’s $8.0M Refunding Bonds to refund outstanding taxable bonds for debt service savings.

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Lead Bookrunner
Higher Education
Wisconsin Health and Educational Facilities Authority (Milwaukee School of Engineering)

Baird served as sole managing underwriter for the Milwaukee School of Engineering $29.4M advance refunding. Baird worked with MSOE to secure its first public underlying rating of “A-/Stable” from S&P.

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Lead Bookrunner
K-12 Education
Reavis Township High School District No. 220

Baird identified the District’s Series 2013 Bonds as a taxable advance refunding opportunity and served as sole managing underwriter to refund the bonds, generating $2.3M in gross debt service savings.

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Lead Bookrunner
K-12 Education
Gower School District No. 62

Baird underwrote Gower School District No. 62’s $14.9M GO School Bonds, which were issued pursuant to a successful referendum.

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Lead Bookrunner
K-12 Education
Sycamore Community Unit School District No. 427

Baird served as sole underwriter on Sycamore CUSD No. 427’s $16.9M GO School Bonds, implementing a marketing strategy that generated $89.5M in orders.

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Lead Bookrunner
K-12 Education
Bellwood School District No. 88

Baird served as sole underwriter on Bellwood School District No. 88’s Bonds used to restructure prior debt and finance upgrades to HVAC systems, lighting systems, replacing flooring and renovating bathrooms.

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Lead Bookrunner
Higher Education
Elgin Community College Community College District No. 509

As sole underwriter, Baird helped Elgin Community College District No. 509 issue refunding bonds to refinance outstanding tax-exempt and taxable bonds.

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Lead Bookrunner
K-12 Education
Rich Township High School 227

Baird helped the District create a financing plan that funded $105M in projects. During the volatile onset of the COVID-19 pandemic, Baird explored both public and private placement markets to secure needed funding at market interest rates.

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Lead Bookrunner
Higher Education
Aurora University

Baird served as senior managing underwriter on Aurora University’s Adjustable Rate Demand Economic Development Revenue Refunding Bonds, generating $15M in project funds.

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