Transaction Details

Pike-Delta-York Local School District

Municipal

Lead Bookrunner

On October 22, 2025, Baird served as sole managing underwriter for the Pike-Delta-York Local School District’s (the “District”) $3,335,000 Various Purpose Refunding Bonds, Series 2025, structured with maturities from 2028 through 2033. The Bonds carried an A1 rating from Moody’s Investors Service and qualified for the Ohio State Credit Enhancement Program, providing additional security and reinforcing investor confidence in the District’s credit.

Despite front-end market weakness, investor demand remained steady across most maturities, with bonds 1–2x subscribed. Baird actively managed pricing to align with market conditions, electing to adjust the 2028 maturity by one basis point as MMD scales shifted during the order period. The issue was fully placed shortly after repricing, reflecting disciplined execution, effective market timing, and continued investor confidence in Ohio’s school credit sector.