BIFD refinances bonds

Published 11:47 am Monday, January 4, 2010

The Bainbridge Island Fire Department completed the refinancing of its outstanding 1997 LTGO Bonds, which will save $194,000 in 2010.

The new interest rate, 1.97 percent, will save $202,000 over the life of the bond.

The bonds were issued in a negotiated sale by Martin Nelson and Company of Seattle.