Renville County awards $10 million in road bonds
OLIVIA — An upgraded credit rating on the eve of the bond sale had the desired effect for Renville County.
The County Board of Commissioners awarded a $9,995,000 general obligation capital improvement bond Tuesday with a true interest rate of 2.664 percent over its 15-year term.
Piper Jaffray of Kansas City, Mo., offered the awarded bid.
The county learned Friday evening that Moody’s had upgraded its bond rating to Aa2, said Sara Folsted , county administrator.
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