Transaction Details

Anthony Wayne Local School District

Municipal

Lead Bookrunner

Baird’s Ohio School team served as sole managing underwriter for the Anthony Wayne Local School District’s (the “District” or “AWLSD”) $6,830,000 Refunding Bonds, Series 2025A (General Obligation – Unlimited Tax) (“Series 2025A”) and $2,320,000 Refunding Bonds, Series 2025B (General Obligation – Unlimited Tax) (“Series 2025B”) (collectively, the “Bonds”). The District, located in Northwest Ohio, operates a K–12 system serving over 4,200 students across six schools. The District is dedicated to preparing students to be future ready by providing rigorous academics, outstanding activities and programs in a support, positive learning environment.

The Bonds were issued to partially refund the School Facilities Construction & Improvement Bonds, Series 2017A&B and pay associated costs of issuance. The issue carried an A2 underlying rating and was further supported by the Ohio State School Enhancement Program and Build America Mutual (BAM) insurance. Both series were well received in the market, with the strongest demand focused on maturities beyond 10 years. Strong demand allowed Baird to lower yields by 3–5 basis points on most maturities past 2035, reducing borrowing costs for the District. The remaining years were generally 1–2x subscribed with only modest balances left in 2027 and 2029. The successful execution of this financing provided the District with meaningful cost savings and refinancing flexibility, while maintaining strong investor interest in its credit.