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ECISD refinancing saves the district millions, administration says
Edinburg CISD Board of Trustees · March 11, 2026
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Summary
Financial advisers told trustees the districts recent refunding priced at about 2.95% and is projected to yield a net present value savings of $6.9 million and roughly $8.3 million in nominal savings to 2038, with average annual debt-service savings near $693,000.
Bobby Gudayal of the districts financial-advisory team presented the results of a recent refunding transaction, reporting that premarketing and competitive demand pushed pricing to roughly 2.95 percent at sale.
Gudayal told the board the…
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