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MSU refinances two bonds to save money

The MSU Board of Regents is set to finalize the refinancing of two bonds.

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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