City of Champaign Refinances Debt, Saves $310,000
The City of Champaign will save $310,000 over the next seven years by refinancing a portion of the bonds issued in 2007. This is the fourth time the City has refinanced debt in the past several years. The refinanced 2007 bonds carried an interest rate of 3.75%, while new bonds have an average interest rate […]
City of Champaign Bond Refinancing
The City of Champaign saved a total of $526,066.67 over the next thirteen years by refinancing a portion of the bonds issued in 2008 to finance the construction of the downtown parking deck. This is the fourth time that the City has refinanced debt in the past five years. The City’s high credit rating helped it achieve a […]