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Centennial SD refinancing yields roughly $1.35 million immediate savings, Moody’s notes AA2 rating
Summary
Chief Financial Officer Tom Greenwood told the board the district's recent bond sale, marketed with PFM and PNC, realized about $1,351,621 in on‑sale savings and an estimated $5.48 million in savings over time, helped by a Moody’s AA2 rating announced Sept. 25.
Chief Financial Officer Tom Greenwood told the Centennial School District Board on Oct. 14 that a bond refinancing completed Oct. 2 produced significantly stronger savings than originally projected.
Greenwood told directors Moody’s had issued an AA2 rating for the district on Sept. 25 and that the Oct. 2 sale drew strong demand from a broad group of buyers, including Northern Trust, BlackRock, Breckenridge and Nuveen. The…
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