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City of Sedona Bond Sales Higher Than Expected

Sedona AZ (January 30, 2012) – On December 13, 2011, the Sedona City Council approved the refunding or refinancing of a portion of the City’s outstanding Excise Tax Obligations. The City of Sedona’s investment bankers, RBC Capital Markets, informed the City that the sale of the refunding bonds on January 25, 2012 exceeded the estimated net present value savings presented to Council. The resulting... 
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