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Cookeville receives debt obligation report after $10.525 million bond sale
Cookeville City Council · December 8, 2025
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Summary
Finance staff presented the city’s debt obligation report for bonds sold Nov. 21, 2025: $10,525,000 in bonds with a true interest cost of 3.43849%, sold at a premium of $642,017.70 and issuance costs of $149,003.21; council received the report unanimously and Moody’s long-term rating remained Aa1.
Finance staff presented the required debt obligation report and the City Council voted to receive it on Dec. 4.
Miss Niswander said the city sold bonds (series 2025) dated Nov. 21, 2025, in the amount of $10,525,000 with a true interest cost (TIC) of 3.43849…
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