NewsChannel5.com | Nashville News, Weather & SportsState Refinances $456 Million In Bonds

NASHVILLE, Tenn. (AP) - The state of Tennessee has refinanced $456 million in general obligation bonds to save taxpayers $34 million in interest costs over some 20 years.

The state comptroller's office said the refinancing last week created $34 million of present value savings that will be realized over the life of the bonds, which mature annually through fiscal year 2028.

Additionally, the state refinanced debt last fall that will produce $3.2 million in present value savings over time.

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