Bond issue planned to refinance old debt - al.com

Bond issue planned to refinance old debt - al.com: "ORANGE BEACH — Hopeful of saving some $500,0000, city officials are planning in the coming weeks to refinance nearly $20 million in debt through a bond issue.

Though city officials have not made a final decision on exactly what debt they will refinance, they have preliminary plans to pay off six past issues, which carry a collective interest rate of 4.68 percent."