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Council approves bond sales and a refunding that staff says will save about $6 million
Summary
Council approved multiple bond sales — taxable and tax‑exempt general obligation issues — and a refunding of 2014/2018 GO bonds with projected savings of roughly $6 million; sales were awarded to Wells Fargo and J.P. Morgan at competitive true interest costs.
The Oklahoma City Council on March 23 approved a series of bond sales and a refunding package designed to lower borrowing costs for capital projects.
Angela Pierce, the city’s finance director, said staff expects about $6 million in savings from refunding two prior general‑obligation series (2014 and 2018), likening the operation to refinancing a mortgage when market rates improve. "We are currently…
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