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Sacramento Transportation Authority reviews debt portfolio, outlines $6.7 million refinancing estimate
Summary
STA staff told the board its outstanding, fixed-rate debt totals about $306.85 million across two series and projected roughly $6.7 million in net present-value savings from a 2023-series refunding at Sept. 24 rates; staff said the portfolio meets bond covenants and showed debt-service coverage metrics and a 1.47% break-even on rates.
The Sacramento Transportation Authority on Oct. 9 received its annual debt program status update from Dustin Purinton, the authority’s chief financial officer, who summarized the agency’s fixed‑rate bond portfolio and the potential savings from a planned refunding.
Purinton said STA has $306,850,000 in outstanding principal across two series, described the portfolio as 100% fixed rate and identified the 2022 and 2023 series as the…
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