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Credit and Debt

Harford County raises nearly $120 million through bond sales

Harford County raises nearly $120 million through bond sales

Harford County raised $45 million in "new money" to fund ongoing capital projects and $74.08 million to refinance a portion of existing debt through bond sales Tuesday. In a special session Tuesday afternoon, the Harford County Council unanimously approved resolutions to accept the best bids on both bond sales, which were held electronically Tuesday morning. Lester Guthorn, financial adviser to the county, told council members the sale was "very successful." The county obtained an average 2.62 percent interest rate on the $45 million bond, called a consolidated public improvement bond, which will be used to fund ongoing capital projects, such as the replacement of...

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