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Conestoga Valley board hears debt-service briefing; district retains strong credit rating
Summary
At its Jan. 12 meeting the Conestoga Valley School District received a debt-service briefing from Raymond James that outlined refinancing opportunities, upcoming bond call dates and a roughly $8.5 million annual debt-service run rate; officials said the district’s double-A minus rating preserves borrowing flexibility.
The Conestoga Valley School District board received a detailed debt-service briefing at its Jan. 12 meeting that outlined the district’s current borrowing costs, recent bond activity and refinancing options.
Scott Kramer of Raymond James Public Finance told the board the presentation was intended as “a little bit of a primer” on how the district approaches issuing and managing debt. Kramer walked directors through historical and current yield curves and described how recent Federal Reserve moves have normalized short-term rates after an inverted curve in the prior year.
Kramer said the…
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