The Daily Gazette
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Glenville's strong credit rating saves bond finance costs

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Glenville will save some more money on bond refinancing after it locked in a better-than-expected interest rate. The town is refinancing $6.9 million worth of debt it incurred from a bond it took out in 2005, mostly for water infrastructure projects. Town officials anticipated saving about $462,000 but instead it will save roughly $556,000 — about $45,000 per year — because it was able to obtain an interest rate of 2.1 percent. The current rate ...

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March 22, 2013
11:44 a.m.

[ Flag Post ]

Nice work!