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Office of Public Finance reports $25.8 million in NPV savings from recent refunding; future issuances are placeholders
Citizens General Obligation Bond Oversight Committee · June 6, 2022
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Summary
The Office of Public Finance said it issued general-obligation refunding bonds that delivered approximately $25,800,000 in net present value savings and has placeholders for Health and Recovery, Seawall and affordable housing bond issuances pending departmental cash-flow planning.
Vishal Trivedi of the Office of Public Finance told the committee that the city issued a series of general-obligation refunding bonds in the prior month that realized roughly $25.8 million in net…
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