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