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MUC plans to convert the variable rate bonds to fixed rates if variable rates start upward and hit a certain trigger point.
Showing posts with label fixed rate bonds. Show all posts
Showing posts with label fixed rate bonds. Show all posts
Tuesday, December 04, 2012
December 4, 2012 MUC Seeks City Approval for $7 Million Bond Issue
MUC (Morristown Utilities Commission) will ask City Council to approve a seven-million dollar variable rate bond issue for construction of electric substations at this afternoon's 5:00 council meeting.
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MUC plans to convert the variable rate bonds to fixed rates if variable rates start upward and hit a certain trigger point.
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MUC plans to convert the variable rate bonds to fixed rates if variable rates start upward and hit a certain trigger point.
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