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"This is a substantial savings for
"There's no direct benefit to the Hospital," she said.
Nevins said that refinancing the bonds was a priority because interest rates were high when the bonds were issued in 2009. The bond sale included a five-year option to refinance, with the hope that interest rates would decline.
"This is exactly what happened, and the board was quick to take advantage of it," she said.
The refinancing, completed Tuesday, involved the sale of
Voters approved the general obligation bond in 2008 to allow
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