PdC Refinances Debt, Saves Over $328 Thousand

The City of Prairie du Chien will save just over $328,000 in future debt service thanks to refinancing at a lower interest rate. The city council held a special meeting last night to reward the sale of nearly $2 million in general obligation refunding bonds to UMB Bank. The actual winning bid for the refinancing was 1.924 percent bring larger than expected savings according to City Administrator Aaron Kramer.

The city’s A1 rating was a factor in the better than expected results, along with the city’s overall strong financial position.

Categories: Local News

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