Blaylock Van served as sole manager on a $16.75 million Refunding General Obligation Bond transaction for Yuba Community College District, Series 2025.
The Series 2025 bonds were issued as tax-exempt securities, across 5 maturities ranging from 2026 to 2030. And, the proceeds of the bonds were used to refinance existing obligations, reducing the District’s borrowing costs and providing budgetary relief.
The Firm directly marketed the transaction to more than 50 of the top municipal institutional investors across the country, leveraging our deep relationships and targeted outreach to ensure a successful and efficient placement on behalf of the District.
The offering was met with strong institutional demand, with oversubscription levels ranging from 1 to 4 times across maturities by the end of the order period. This reflected the market’s confidence in the credit and the structure of the transaction.
The robust demand allowed us to tighten pricing and reprice the bonds to lower yields by up to four basis points, ultimately delivering cost savings and added value to the District. There was no unsold balance remaining at the close of the order period.
