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Forsyth County Schools to market two refunding bonds; staff project multimillion‑dollar savings
Summary
Raymond James presented a pre‑marketing update saying the district could refinance two prepayable issues — a general obligation and a revenue bond — and expects market pricing next Tuesday, a December 18 closing and an estimated net present‑value savings in the roughly $4.7M–$5.3M range.
Forsyth County Schools finance advisers told the board at its Nov. 11 work session that the district plans to market two refunding bond issues next week and expects to present final rates and a bond resolution for board approval at the next regular meeting.
Gabe Agan of Raymond James said the district is looking at refinancing two prepayable issues — a larger general‑obligation bond that currently carries roughly a 5% coupon and a smaller revenue bond issued through the Forsyth County Public…
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