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York Suburban board hears refinancing plan that could save roughly $323,000
Summary
Raymond James presented a plan to refund roughly $9.47 million of 2019 bonds, estimating net cash-flow savings around $323,000 and recommending a parameters resolution to allow the district to proceed if market conditions hold.
Laurent Stadel, a Raymond James adviser, told the York Suburban School District board the district could call about $9,470,000 of outstanding 2019 principal and issue just under $9,000,000 in new debt to refinance that tranche.
"We would be calling approximately 9,470,000.00 of outstanding principal and issuing just under 9,000,000 to refund those bonds," Stadel said, describing an illustrative new yield near 2.59 percent and a projected net cash-flow savings of about $323,000, net of issuance…
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