Littlefield looking to re-finance bonds

At a special meeting at noon Monday, the Littlefield City Council authorized the city manager to be the paying agency for the issuance of General Obligation Refunding Bonds Series 2014A. With the projected coupon rate of 2.84%, the city’s projection is that $1.5 million in savings will occur, and it will also take one year of payments off the cost of the bond. The bond will be paid off in 2029.

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