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Shreveport sells remaining $29 million in voter-approved G.O. bonds at favorable rate, netting $600,000 premium
Summary
City officials told the council the sale of $29 million in general obligation bonds authorized by voters in 2021 closed at an average interest rate of 4.74%, producing a premium of roughly $600,000 above the principal to support public-safety projects identified in the ballot proposition.
A representative of the mayor’s office told the City Council that the city sold the remaining $29 million of voter-approved general obligation bonds authorized in 2021 and that the sale produced a net premium of roughly $600,000 above the principal.
"The bonds were sold at an average interest rate of 4.74%, which is better than we had…
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