bonds

The city of Princeton plans to refinance four bonds on March 22 as one package to save an estimated $126,926. Three are general obligation improvement bonds and the fourth is a general obligation sewer revenue bond. The four bonds in their original amounts totaled $3,790,000 and the remaining unpaid principal after their call date, is [...]

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Princeton Public Utilities will be saving $34,015 per year until 2024 through the refinancing of the $3,465,000 in public utility system revenue bonds it issued in 2004. The total present-day saving is $346,409 through the much lower interest rate of 2.23 percent. The rate on the original bonding was 4.72 percent. Most of the bonding [...]

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