MSU refinances two bonds to save money

Published 09/17 2012 05:24PM

Updated 09/17 2012 06:53PM

The Midwestern State University Board of Regents will meet on Wednesday morning to approve the refinancing of two bonds.

MSU officials say the bonds were refinanced to get a lower interest rate.

A series 2002 tuition bond for campus improvement projects was refinanced to save the state money while a series 2003 bond for the renovation of Pierce and Killingsworth Halls was refinanced to save the school money.

School officials say they expect to see a combined savings of nearly $900,000.

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