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St. Paul sells 2025 general obligation bonds after strong credit ratings; city cites low interest costs
5610023 · June 4, 2025
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Summary
The City Council authorized the sale of 2025 general obligation bonds for various purposes and for street reconstruction after competitive bids produced low true-interest costs and staff cited recent S&P and Fitch stable outlooks for the city.
The St. Paul City Council approved two resolutions authorizing the issuance and sale of general obligation bonds to fund various city purposes and street reconstruction.
Veil Youngens, debt and investment manager in the Office of Financial Services, reported that the city’s competitive sale for the 2025A general obligation…
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