Categorized | Local News

Record Low Interest For Revenue Bonds

Posted on 16 November 2011 by KWBG

BOONE, Iowa—The Boone School Board was pretty excited about setting the record for the lowest interest rate received for nearly $5.8-million in School Infrastructure Sales, Services and Use Tax Revenue Bonds Tuesday.  Matt Gillespie of Piper, Jaffrey says the true rate was 2.87 % the lowest ever received for that type of bond sale in the state.  Gillespie told the board that the difference in the bid and late September estimate amounted to more than $400,000.  The sale is part of the overall plan to finance the renovation of the Boone High School.

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