Fort Wayne, Ind. said it would be able to reduce future sewer rate increases with $3 million of net-present value savings achieved in a late-2012 refunding of $29 million of sewer debt.

The Fort Wayne City Utilities refinanced bonds originally issued in 2002 and 2003, and saw interest rates that ranged from 1% to 1.45%, down from original rates of 2% to 5.5%, according to the city.

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