Glenview's Plan To Refinance Bonds Will Save Nearly $500K

The village of Glenview will save nearly half-a-million over the next four years thanks to a trustee decision to refinance $10 million of debt.

The Glenview State Bank offered the lowest interest rate among five competitors at 0.8695 percent, according to the Glenview Announcements. The original bonds had an interest rate of 3.75 percent during the same four-year period.

The new bonds’ proceeds will pay off bonds issued in 2006 that funded infrastructure improvements in The Glen and surrounding areas.

The difference will save $497,821 during 2015-18.

more via the Glenview Announcements