Maryville R-2 School District Locks In Interest Rates For 2017 Refunding Bonds

Last Wednesday the Maryville R-2 School District approved final terms to lock in interest rates for $5.25 million dollars of 2017 refunding bonds at an average of 2.94%.  To compare, the rate for 2015 bonds averaged 5.00%.  The move generates a net savings of over $1.33 million ($1,334,677).  The district has now saved over $2.8 million dollars of taxpayer money ($2,849,718) since 2011.

MR-II bond refunding

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