Transaction Details

Oswegoland Park District

Municipal

Lead Bookrunner

Baird served as sole underwriter on Oswegoland Park District’s $5,000,000 General Obligation Limited Tax Park Bonds, Series 2025.  The District generated $5.2 million in proceeds to finance four major facilities projects, the largest one being the demolition and construction of a new operations and administration facility, known as Prairie Point.

Baird implemented a 2-day marketing strategy in a volatile market environment. The day of pricing, the “AAA” Municipal Market Data index increased 3 to 10 basis points (0.03%-0.10%) in the District’s maturity range. While we secured $7 million in orders, Baird stepped up to underwrite the unsold balances of three maturities which totaled $1,405,000 (28% of the par amount) and took them into inventory. This demonstrates Baird’s willingness to commit capital and lock in market pricing for the benefit of its clients. The transaction had a true interest cost of 3.80% over the 13-year term.