SMW Part of Team that Helps Cupertino Take Advantage of Near Historic Lows for Municipal Bond Rates
September 1, 2020SMW worked closely with Cupertino staff, bond counsel, municipal advisor, and underwriters to issue about $22 million of Certificates of Participation, refunding previously issued certificates and taking advantage of near historical lows for municipal bond rates. The transaction resulted in average annual savings to Cupertino of nearly $500,000.