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Cowlitz PUD: Refinancing of bonds saves $3.5 million

Cowlitz PUD: Refinancing of bonds saves $3.5 million

Cowlitz PUD says it will save ratepayers $3.5 million after recently refinancing 10-year-old bonds.

The utility took advantage of low interest rates right as the bonds are reaching the end of their lives, according to a press release.

The Production System bonds paid for the Swift Canal embankment failure and will be called in on Sept. 1.

The Daily News, Longview, Wash.

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