Vermont Bond Bank
2025 Series 2&3*
Offering Summary
2025 Series 2 Bonds (Local Investment Bonds)*
- Par Amount
- $73,995,000
- Tax Status
- Tax-Exempt
- Sale Date
- 07/29/2025
- Sector
- Pool / Bond Bank / Conduit
- State
- Vermont
- Bond Type
- Fixed Rate
- Method of Sale
- Negotiated
- Closing Date
- 08/07/2025
- Retail Order Period Begins
- 07/29/2025
- Call Features
- 10/1/2033
2025 Series 3 Refunding Bonds*
- Par Amount
- $49,250,000
- Tax Status
- Tax-Exempt
- Sale Date
- 07/29/2025
- Sector
- Pool / Bond Bank / Conduit
- State
- Vermont
- Bond Type
- Fixed Rate
- Method of Sale
- Negotiated
- Closing Date
- 09/03/2025
- Retail Order Period Begins
- 07/29/2025
- Call Features
- 10/1/2033
Offering Documents
Disclaimer: Prospective investors should carefully review the Official Statement. Offers to purchase the bonds can only be made through a registered broker-dealer and through an Official Statement.
Additional Information
*Preliminary and Subject to Change
On July 14, 2025, the Bond Bank released a Consent Solicitation Statement to the holders of General Resolution Bonds issued prior to August 11, 2022. To induce holders of Eligible Bonds to provide consent via the process provided in the Consent Solicitation Statement, the Bond Bank is offering that for any consent received prior to July 29, 2025, such holder may receive priority to purchase the Bonds. A copy of the Consent Solicitation Statement made be found on EMMA at: https://emma.msrb.org/P11874476-P11433927-P11878969.pdf and a copy of the Form of Consent may be found on the Bond Bank’s website at: https://www.vtbondbank.org/sites/default/files/2025-07/Form%20of%20Consent%20for%20Consent%20Solicitation.docx.
Ratings
Bond Offering Ratings
Moody’s
Aa2
- Outlook
- Stable
- Date
- Jul 2025
S&P
AA+
- Outlook
- Stable
- Date
- Jul 2025
Roadshows
2025 Series 2 Bonds (Local Investment Bonds) & Bond Bank 2025 Series 3 Refunding Bonds
Offering Participants
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About This Issuer
Over fifty years ago, the Vermont General Assembly established the Bond Bank to provide loans for local infrastructure projects following a period of facilities construction across the state when the ability to secure long-term debt financing was at risk.
The solution embodied in the Bond Bank was a state instrumentality with a mandate to “foster and promote by all reasonable means” access to long-term debt financing while, to the extent possible, reducing related costs to taxpayers and residents.
Over the ensuing years, the Bond Bank has financed billions of dollars in local investment by purchasing and “banking” the bonds and notes of governmental units.The Bond Bank is governed by a five-member Board of Directors with four appointed by the Governor and the State Treasurer serving as an ex-officio member.