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Council awards $12.97 million general obligation bond sale; city rating reaffirmed
Summary
Johnston’s council approved Resolution No. 25-147 to direct the sale of up to $12,970,000 in general obligation bonds (adjusted), accepting a low bid from TD Securities. Staff said S&P reaffirmed the city’s AA+ rating and the lower-than-expected interest rate will reduce long-term interest costs.
The Johnston City Council approved a resolution directing the sale of general obligation bonds and accepted a low bid that staff said will lower projected interest costs for the city.
City financial advisers reported favorable bidding on the city’s planned $12,970,000 general obligation bond issue. The municipal advisor said the low bid came from TD…
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