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Finance committee recommends borrowing now for Project 2 to capture favorable interest spread
Summary
District financial adviser presented two debt-timing options for Project 2 and recommended borrowing in July rather than December to take advantage of a temporary yield curve; the finance committee supported the recommendation and the board aims to consider it on July 11 (possible August special meeting).
At its June 20 meeting the board received a finance committee update on Project 2 financing. Elizabeth Hennessy, the district’s financial adviser, presented two options for issuing debt certificates — borrowing in July or borrowing in December — and recommended borrowing now to take advantage of current yield-curve conditions.
Board members…
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