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Vallecitos refinances debt to save more than $3.4 million dollars

Post Date:06/16/2015 10:12 AM

Historically low rates for tax-exempt municipal bonds and strong credit ratings have enabled Vallecitos to successfully refinance $45.4 million of its bond debt to lower interest rates, saving $3.47 million dollars. The District is scheduled to pay off nearly half of their debt in the next ten years and currently has no plans to take on any additional debt. More...

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