Allen County Regional Hospital board of trustees approved bond refinancing through United Missouri Bank during their meeting Tuesday night. The decision guarantees a lower interest rate on repaying a new bond issue of $4.5 million. The interest rate will drop from the current rate of 4.5 percent to 2.19 percent. The current bond issue of $5 million, arranged in 2013, expires April of 2018.
Trustees also considered an offer from Piper Jaffray, but its interest rates would have been 3.24 percent.
A plus with the new bond issue is that it comes with a fixed interest rate. The…
Trustees refinance hospital bonds
