Paragould school board refinances bonds, sets election date
The Paragould School District is continuing to take advantage of falling interest rates. Its board of directors voted this week to accept a bid from Milwaukee, Wisc.-based Robert W. Baird and Company, LLC to refinance $12,610,000 in bonds at 1.96 percent interest. The previous rate was 3.05 percent (from Morgan Stanley), and the refinancing is expected to save the district a total of $1,123,816.76. The bonds, originally issued in 2011 and refunded by Morgan Stanley in 2016, were for the Primary and Oak Grove Middle School construction projects. The board also heard an update on construction o...
Source: paragoulddailypress.com