County refinances bonds, keeps rating
Friday, March 2, 2012
Clark County has refinanced two series of bonds, including those issued to build the Center for Community Health and the Clark County Event Center at the Fairgrounds.
The refinancing will save more than $4.55 million over the next 23 years, Deputy Treasurer John Payne said in a press release.
The county was able to refinance at a lower interest rate because of its good credit rating, excellent track record and an advantageous bond market.
Moody’s Investors Service reaffirmed Clark County’s strong ratings.
In addition to two county buildings, the bonds were issued for technology and Conservation Future properties.