Special Announcement Regarding Public Sale of Bonds
Posted on 04/27/2017
The Boise School District believes it is important to provide District residents with the opportunity to buy the District's bonds that were approved by voters during the bond election that was held on March 14, 2017.
To facilitate this local bond sale effort, the District has directed its underwriter, Piper Jaffray, to schedule a special RETAIL ORDER PERIOD for individual orders on May 1, 2017 as part of the bond sale and to make local retail orders the highest priority when allocating the bonds to investors. Additionally, the underwriter has arranged for D.A. Davidson to participate in the retail order period.
An Individual Retail Order is defined as: "An order up to a maximum of $250,000 placed for the account of an individual who is an Idaho resident. The term “individual” does not include bank trust departments, investment advisors or money managers, including separately managed accounts (“SMA”), acting on behalf of an individual nor does it include bank portfolios, insurance companies, bond funds, or municipalities.
The Institutional Order Period is scheduled for May 2, 2017 and will include professional retail orders. Professional Retail Order is defined as follows: ”Professional retail is an order placed by a bank trust department, investment advisor or money manager, including SMAs, acting on behalf of an individual." The term “professional retail” does not include bank portfolios, insurance companies, bond funds, or municipalities.
For more information, contact your broker or call Mychele Lindvall, Piper Jaffray at 1-800-552-0614.
Additionally, the underwriter has arranged for D.A. Davidson to participate in the retail order period. Some of the details of the retail order period follow in the advertisement below: