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District reports $4.6 million projected savings after refinancing 2017 bonds
Summary
District financial consultants reported results of a December refunding of 2017 bonds, showing an average yield of about 3.1% and projected present‑value cash‑flow savings of roughly $4.6 million; settlement is scheduled for Jan. 16.
Dallastown Area School District financial advisers told the board on Jan. 9 that the district executed a refunding of its 2017 bonds on Dec. 18 and now projects about $4.6 million in present‑value cash‑flow savings.
The consultant presenting the refinancing said the new 2025 bonds carry an average arbitrage yield of about 3.1 percent; he added that…
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