Missouri To Refinance Some Debt

CREATED Jul. 5, 2012

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  • Missouri Capitol Building in Jefferson City

   JEFFERSON CITY,  Mo.  (AP) -  Missouri expects to save about $44 million by refinancing some of its debt at lower interest rates.  Two separate state boards have given their preliminary approval for the bond refinancing.  Governor Jay Nixon has proposed to refinance more than $500 million of bonds as part of the state budget plan he outlined in January.