RBC Capital Markets appears in two retained Colorado school-district source clusters: as a participant in Colorado Springs School District 11 bond-planning presentations and as the proposed underwriter for Academy District 20's Series 2026 general-obligation refunding bonds.
| Source | Target | Mechanism | Flow | Evidence strength | Source basis |
|---|---|---|---|---|---|
| Academy District 20 | RBC Capital Markets | proposed bond purchase agreement and underwriting role | purchase/placement and closing work for Series 2026 refunding bonds | direct evidence | D20 August 6 packet; proposed role documented, execution unresolved |
| Colorado Springs School District 11 | RBC Capital Markets | bond-planning presentation participation | financial-market and transaction-planning information | direct evidence | D11 July 29 draft minutes and retained packet cluster document the presentation role |
The shared firm does not by itself establish coordination between the districts, common transaction terms, influence, control, or any improper conduct. For D20, the packet says the underwriter would act as principal rather than as municipal advisor, financial advisor, or fiduciary. Final D20 engagement, compensation, pricing, and closing remain unresolved.