These are challenging times for all of us and we want to take a moment to thank our numerous school clients for their partnership, and we look forward to continuing it in the future. Whether it is assisting with a Facility plan, filing a BG-1, determining your bonding capacity, or running refinance scenarios, RSA’s experienced school finance team stands ready to assist our clients with whatever the future holds. RSA has sold and closed 15 Kentucky School transactions since June 1, 2020. Districts have realized record low interest rates. The results are summarized below:

Chart showing Kentucky school transactions in 2020. Sale Date | Term | Borrower | Par Amount |Total Interest Cost (TIC/NIC) | 6/11/2020 20 Years Edmonson County School District S 1,745,000 2.08% | 6/18/2020 10 Years Franklin County School District 5 1,720,000 1.59% | 6/24/2020 10 Years Walton-Verona ISD Finance Corp S 380,000 1.72% | 6/25/2020 10 Years Martin County School District 5 2,085,000 1.53% | 6/30/2020 10Years Raceland-Worthington ISD Finance Corp $ 1,650,000 1.62% | 7/1/2020 20 Years Covington ISD Finance Corp S 3,750,000 1.96% | 7/1/2020 20 Years Spencer County School District S 5,315,000 2.12% | 7/7/2020 20 Years Clinton County School District S 156,000 3.70% | 7/8/2020 9 Years Pike County School S 975,000 1.38% | 7/29/2020 20 Years Bardstown ISD Finance Corp S 23,590,000 1.92% | 8/5/2020 13 Years Franklin County Indiana School S 5,350,000 1.20% | 8/5/2020 20 Years East Bernstadt ISD Finance Corp S 1,610,000 1.78% | 8/12/2020 10 Years Clark County School District S 2,290,000 1.00% | 8/13/2020 7 Years Ashland ISD Finance Corp S 840,000 1.91% | 8/26/2020 10 Years Johnson County SD Finance Corp S 1,350,000 1.02% |

Update on School Safety and Security Project Funding

Look for a email from RSA Advisors discussing funding for school safety facility upgrades that was authorized in the 2020 Budget Bill.

Experience Matters

Pie chart. "KY SCHOOL CURRENT MA CLIENTS. RSA - 74%; BAIRD 24%; FIRST KY 1%; COMPASS 1%

Source Bloomberg