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In May 2010, the City issued $791,770,000 in revenue bonds. Of this amount $250,000,000 was new money to fund capital expenditures in 2010 and early 2011. The rest was used to refinance bonds issued 1997-2001 but at a lower interest rate, resulting in significant debt service savings over the next 25 years, with most of those savings coming in 2010 and 2011.
When the City issues bonds, it is required to publish an "Official Statement," in which the City discloses all information that an investor would need to make a decision as to whether to purchase the City's bonds. This page provides access to the Official Statement issued by the City in connection with City Light's May 2010 bond issue and four previous issues.
The 2010 Official Statement Full Report provides information about City Light as of the time the bonds were issued."
Full Reports for Past Bond Issues
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