Transaction Details

City of Woodstock

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Baird served as municipal advisor on the City’s issuance of $12,015,000 General Obligation Bonds, Series 2024 to finance the acquisition, construction and installation of capital improvements, including City-wide public works and improvements.

The project is part of a planned five-year, $50 million investment in the City’s streets and related infrastructure. The City previously issued its $9,430,000 General Obligation Bonds, Series 2020A, $9,385,000 General Obligation Bonds, Series 2021, and $9,860,000 General Obligation Bonds, Series 2022B, in furtherance of the Enhanced Streets Resurfacing Program.
The Bonds were sold via competitive sale and received 4 bids from underwriters. Overall, the City achieved a true interest cost of 3.87% on a 20-year term.