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Citites, Towns See Historic Savings on Bond Refinancing

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Indianapolis, IN | May 16, 2015
Jared Council, The Indianapolis Business Journal

Officials who manage the Indianapolis Airport Authority’s $1.1 billion in bond debt typically refinance bonds when they can shave at least 3 percent off total remaining debt payments.

The Indianapolis Local Public Improvement Bond Bank handles what the industry calls bond refundings for entities including the airport, and it recently helped refund a $165 million airport bond to chop total projected debt obligations by about 9 percent.