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Council approves $2.00 million bond sale; Northland presents debt study and affirms AA- rating
Summary
The council approved the award of the Series 2025A general obligation bond sale totaling $2,000,001.45, with a true interest cost of about 3.29% and a reoffering premium of $213,391.07; Northland presented a debt study and noted S&P affirmed a double A-minus rating.
The City of Saint Joseph on Sept. 15 authorized the sale of Series 2025A general obligation bonds to finance street improvements and equipment, approving a final par amount of $2,000,001.45 and accepting the bond award recommended by underwriter Northland Securities.
Tammy Bridal of Northland Securities told the council…
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