The Alabama Public School and College Authority last week saved more than $26 million refinancing $90.9 million of outstanding capital improvement pool bonds and $90.6 million of economic development and training bonds.

“Due to a very favorable interest rate environment and solid credit ratings … the bonds sold on a competitive basis and well inside initial expectations with average true-interest cost of 1.65% for the capital improvement pool bonds and 2.09% for the economic development and training bonds,” state officials said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.