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Croton-on-Hudson, New York · Saturday, August 15, 2026· Aug 15, 2026
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DocumentsBoard of Education, 2026-04-09

Bid Results - Croton-Harmon UFSD 2025 BAN

budget 1 page
From the meeting: Board of Education — 2026-04-09 · our coverage →
Agenda item: Action (Consent) - Budget Increase - BAN Premium
Budget document, 1 page. Attached to agenda item: “Action (Consent) - Budget Increase - BAN Premium”
Retrieved 2026-05-06 from the village's meeting portal. View the original PDF ↗
Bid results for the Croton-Harmon UFSD $41,132,178 Bond Anticipation Notes, 2025 Series A, sold June 10, 2025 with an issue date of June 26, 2025 and maturity of June 26, 2026, rated MIG-1 by Moody's with an Aa2 underlying rating. Four bidders competed, and BNY Mellon Capital Markets won with a 4.000 percent coupon and a premium of $408,491.89, producing a net interest cost of $1,236,795.23, or a 3.0069 percent net interest rate. Hawkins Delafield & Wood LLP served as bond counsel and Capital Markets Advisors, LLC as financial advisor.
AI summary — generated from the document text; check the original before relying on details
CROTON-HARMON UNION FREE SCHOOL DISTRICT WESTCHESTER COUNTY, NEW YORK $41,132,178 BOND ANTICIPATION NOTES - 2025 SERIES A SALE DATE: 10-Jun-25 FORM: Book-Entry TIME: 11:00 BK QUAL: No AMOUNT: $41,132,178 RATING: Moody's: "MIG-1" ISSUE DATE: 26-Jun-25 "Aa2" (Underlying) DUE DATE: 26-Jun-26 # OF DAYS: 360 BOND CO: Hawkins Delafield & Wood LLP BYD: $41,132,178.00 F.A.: Capital Markets Advisors, LLC BIDDERS: AMOUNT COUPON PREMIUM NIC BNY Mellon Capital Markets $41,132,178 4.000% $408,491.89 3.0069% Jefferies LLC 41,132,178 3.500% 191,675.95 3.0340% JP Morgan Securities 41,132,178 4.000% 395,691.56 3.0380% TD Securities 41,132,178 4.000% 318,363.06 3.2260% WINNER: AMOUNT COUPON PREMIUM NIC BNY Mellon Capital Markets $41,132,178 4.000% $408,491.89 3.0069% NET INTEREST CALCULATION: AMOUNT COUPON INTEREST BNY Mellon Capital Markets $41,132,178 4.000% 1,645,287.12 $ TOTAL INTEREST DUE AT MATURITY 1,645,287.12 $ LESS PREMIUM 408,491.89 NET INTEREST COST 1,236,795.23 $ NET INTEREST RATE 3.0069% Prepared by: CAPITAL MARKETS ADVISORS, LLC

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