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Board authorizes bond-refinancings projected to save about $13 million
Summary
Trustees approved two resolutions authorizing potential refinancings of previously issued district general-obligation bonds and SFID series; staff and advisors estimated combined potential present-value savings of roughly $13 million, subject to market conditions and final sale timing.
The Roseville Joint Union High School District board voted to authorize two bond-refinancing actions after a presentation from Chris Hyatt (presenter for the financing team).
Hyatt said the district has five series of previously issued general-obligation bonds and that, based on current market conditions and structuring options, four of those series are economic to refinance. She described the mechanics (forward or current delivery timing, maintaining or shortening term…
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