April 30, 2013
Taking advantage of recent low interest rates, the Issaquah School District saved more than $2 million April 24 when it refinanced 21.17 million of bonds originally sold in 2004.
The district also sold $55 million worth of new bonds that day.
Seattle-Northwest Securities assisted in the sale. Refinancing more than $21 million of old bonds meant the interest rate went down from 5.25 percent to 1.27 percent, meaning that about $2 million will be saved over the next six years.