Mo. Refinances Bonds to Save $33M over 2 years

5 years 2 months 3 weeks ago September 14, 2011 Sep 14, 2011 Wednesday, September 14 2011 Wednesday, September 14, 2011 3:33:04 AM CDT in News
Source: Jamie Goncalves
By: Associated Press

JEFFERSON CITY (AP) - Missouri is refinancing some of its debt at lower interest rates.

Officials say the refinancing will save the state about $26
million in the current budget year and $7.5 million next year.

After that, the refinancing is expected to save $330,000 to
$335,000 annually for the next 13 years.

The debt refinancing affects about $143 million worth of bonds.

 

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