Transaction Details

Sycamore Community Unit School District No. 427

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Baird served as sole underwriter on the District’s $9,180,000 General Obligation Refunding School Bonds, Series 2021C. The Bonds were issued to restructure the District’s outstanding Series 2013A as part of the financing plan with Series 2021A and 2021B to provide debt service capacity.

Baird implemented a marketing strategy that resulted in over $15.7 million in orders and oversubscriptions of 2.4-2.6x in certain maturities. With stronger demand in the middle of the curve, we lowered yields one basis point (0.01%) in two maturities. Orders received included a retail order for the bonds due in 2023.

The Bonds secured an all-in true interest cost of 2.27% on a 16-year bank qualified transaction.