SOUTH PORTLAND — The city borrowed $12.7 million at 2.05 percent interest on Tuesday through a municipal bond sale that will finance the ongoing construction of a new municipal services facility on Highland Avenue, said Finance Director Greg L’Heureux. The city secured the low rate for a 20-year term after Standard & Poors and Moody’s Investors Service this month reaffirmed South Portland’s stable triple-A bond rating.
South Portland Borrows $12.7 Million For New Public Services Facility
Kelley Bouchard, Portland Press Herald
Wed, 08/24/2016 - 2:25pm
Sections: u.s.
Topics: Maine Cumberland County Portland
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