Refunding Bonds Sold By Hancock Public Schools

Hancock Public Schools says they’ve successfully sold its 2016 Refunding Bonds in the amount of $6,550,000.

The bonds are being issued for the purpose of refunding the School District’s outstanding 2008 School Building and Site Bonds, and to pay the costs of issuing the bonds.

This move will reduce the school district’s interest expense by $896,035 and will occur through lower debt payments over the next 17 years.