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Lancaster ISD refinanced bonds, BOK reports more than $5.5 million in savings on latest refunding
Lancaster ISD Board of Trustees · February 12, 2025
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Summary
BOK Financial told the Lancaster ISD Board the district's recent refunding reduced interest rates and generated more than $5.5 million in immediate savings; cumulative savings from prepayment and refinancing since 2006 were reported at about $57.2 million. Rating agencies affirmed A1/A ratings.
Representatives from BOK Financial reported to the Lancaster ISD Board of Trustees that the district executed a refunding program last week that lowered its interest rates and produced substantial taxpayer savings.
"The interest rate on the district's bonds were reduced from…
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