{"id":31885,"date":"2024-10-29T10:55:22","date_gmt":"2024-10-29T15:55:22","guid":{"rendered":"https:\/\/web.risd.org\/home\/?p=31885"},"modified":"2024-10-29T10:55:23","modified_gmt":"2024-10-29T15:55:23","slug":"district-refunds-bonds-saving-9-7-million","status":"publish","type":"post","link":"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/","title":{"rendered":"District Refunds Bonds, Saving $9.7 Million","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n<p>On Oct. 22, RISD refunded $45.9 million in outstanding bonds, resulting in $2.3 million in present value savings and $9.7 million in total debt service savings over the life of the bonds. Refunding bonds is similar to how a homeowner might refinance a home mortgage to take advantage of changes in interest rates, and the refunding allowed the district to accelerate principal repayment to reduce interest costs. RISD trustees had previously provided district finance staff with flexible refunding parameter orders, allowing the district to appropriately time the market and realize the substantial savings.<\/p>\n\n\n\n<p>Leading up to the refunding, both Moody\u2019s (Aaa, stable) and S&amp;P (AA+, stable) affirmed RISD\u2019s outstanding bond ratings, making the refunded bonds more attractive to buyers at lower interest rates. Both ratings are the highest that Moody\u2019s and S&amp;P award to any Texas school district.<\/p>\n\n\n\n<p>RISD has issued 97% of Bond 2021 bonds, and expects to issue the final amounts in 2025. <a href=\"https:\/\/web.risd.org\/home\/bond-2021-updates\/\">See more updates about Bond 2021<\/a>.<\/p>\n\n\n\n<p><\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>On Oct. 22, RISD refunded $45.9 million in outstanding bonds, resulting in $2.3 million in present value savings and $9.7 million in total debt service savings over the life of the bonds.<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":4,"featured_media":1004,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[664,94,37],"class_list":["post-31885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-bond","tag-bond-2021","tag-homepage"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>District Refunds Bonds, Saving $9.7 Million - Richardson ISD<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"District Refunds Bonds, Saving $9.7 Million - Richardson ISD\" \/>\n<meta property=\"og:description\" content=\"On Oct. 22, RISD refunded $45.9 million in outstanding bonds, resulting in $2.3 million in present value savings and $9.7 million in total debt service savings over the life of the bonds.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Richardson ISD\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-29T15:55:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-29T15:55:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/web.risd.org\/home\/wp-content\/uploads\/2020\/01\/risd_logo_placeholder-e1659456247624.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"158\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tim Clark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim Clark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/\"},\"author\":{\"name\":\"Tim Clark\",\"@id\":\"https:\/\/web.risd.org\/home\/#\/schema\/person\/01ecebe0fa1d32d9ec29fdd2af723e38\"},\"headline\":\"District Refunds Bonds, Saving $9.7 Million\",\"datePublished\":\"2024-10-29T15:55:22+00:00\",\"dateModified\":\"2024-10-29T15:55:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/\"},\"wordCount\":165,\"publisher\":{\"@id\":\"https:\/\/web.risd.org\/home\/#organization\"},\"image\":{\"@id\":\"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/web.risd.org\/home\/wp-content\/uploads\/2020\/01\/risd_logo_placeholder-e1659456247624.jpg\",\"keywords\":[\"bond\",\"Bond 2021\",\"homepage\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/\",\"url\":\"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/\",\"name\":\"District Refunds Bonds, Saving $9.7 Million - Richardson ISD\",\"isPartOf\":{\"@id\":\"https:\/\/web.risd.org\/home\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/web.risd.org\/home\/wp-content\/uploads\/2020\/01\/risd_logo_placeholder-e1659456247624.jpg\",\"datePublished\":\"2024-10-29T15:55:22+00:00\",\"dateModified\":\"2024-10-29T15:55:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/#primaryimage\",\"url\":\"https:\/\/web.risd.org\/home\/wp-content\/uploads\/2020\/01\/risd_logo_placeholder-e1659456247624.jpg\",\"contentUrl\":\"https:\/\/web.risd.org\/home\/wp-content\/uploads\/2020\/01\/risd_logo_placeholder-e1659456247624.jpg\",\"width\":300,\"height\":158,\"caption\":\"View Richardson ISD Story\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/web.risd.org\/home\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"District Refunds Bonds, Saving $9.7 Million\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/web.risd.org\/home\/#website\",\"url\":\"https:\/\/web.risd.org\/home\/\",\"name\":\"Richardson ISD\",\"description\":\"Every Child. Every Teacher. Every Leader. Every Day.\",\"publisher\":{\"@id\":\"https:\/\/web.risd.org\/home\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/web.risd.org\/home\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/web.risd.org\/home\/#organization\",\"name\":\"Richardson ISD\",\"url\":\"https:\/\/web.risd.org\/home\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/web.risd.org\/home\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/web.risd.org\/home\/wp-content\/uploads\/2018\/11\/risd_logo.svg\",\"contentUrl\":\"https:\/\/web.risd.org\/home\/wp-content\/uploads\/2018\/11\/risd_logo.svg\",\"width\":200,\"height\":200,\"caption\":\"Richardson ISD\"},\"image\":{\"@id\":\"https:\/\/web.risd.org\/home\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/web.risd.org\/home\/#\/schema\/person\/01ecebe0fa1d32d9ec29fdd2af723e38\",\"name\":\"Tim Clark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/web.risd.org\/home\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0b0dccc543d03a6f4143f4f78b72fc68e84ebf0959149bb14af20e5258fc050e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0b0dccc543d03a6f4143f4f78b72fc68e84ebf0959149bb14af20e5258fc050e?s=96&d=mm&r=g\",\"caption\":\"Tim Clark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"District Refunds Bonds, Saving $9.7 Million - Richardson ISD","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/","og_locale":"en_US","og_type":"article","og_title":"District Refunds Bonds, Saving $9.7 Million - Richardson ISD","og_description":"On Oct. 22, RISD refunded $45.9 million in outstanding bonds, resulting in $2.3 million in present value savings and $9.7 million in total debt service savings over the life of the bonds.","og_url":"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/","og_site_name":"Richardson ISD","article_published_time":"2024-10-29T15:55:22+00:00","article_modified_time":"2024-10-29T15:55:23+00:00","og_image":[{"width":300,"height":158,"url":"https:\/\/web.risd.org\/home\/wp-content\/uploads\/2020\/01\/risd_logo_placeholder-e1659456247624.jpg","type":"image\/jpeg"}],"author":"Tim Clark","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tim Clark","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/#article","isPartOf":{"@id":"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/"},"author":{"name":"Tim Clark","@id":"https:\/\/web.risd.org\/home\/#\/schema\/person\/01ecebe0fa1d32d9ec29fdd2af723e38"},"headline":"District Refunds Bonds, Saving $9.7 Million","datePublished":"2024-10-29T15:55:22+00:00","dateModified":"2024-10-29T15:55:23+00:00","mainEntityOfPage":{"@id":"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/"},"wordCount":165,"publisher":{"@id":"https:\/\/web.risd.org\/home\/#organization"},"image":{"@id":"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/#primaryimage"},"thumbnailUrl":"https:\/\/web.risd.org\/home\/wp-content\/uploads\/2020\/01\/risd_logo_placeholder-e1659456247624.jpg","keywords":["bond","Bond 2021","homepage"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/","url":"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/","name":"District Refunds Bonds, Saving $9.7 Million - Richardson ISD","isPartOf":{"@id":"https:\/\/web.risd.org\/home\/#website"},"primaryImageOfPage":{"@id":"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/#primaryimage"},"image":{"@id":"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/#primaryimage"},"thumbnailUrl":"https:\/\/web.risd.org\/home\/wp-content\/uploads\/2020\/01\/risd_logo_placeholder-e1659456247624.jpg","datePublished":"2024-10-29T15:55:22+00:00","dateModified":"2024-10-29T15:55:23+00:00","breadcrumb":{"@id":"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/#primaryimage","url":"https:\/\/web.risd.org\/home\/wp-content\/uploads\/2020\/01\/risd_logo_placeholder-e1659456247624.jpg","contentUrl":"https:\/\/web.risd.org\/home\/wp-content\/uploads\/2020\/01\/risd_logo_placeholder-e1659456247624.jpg","width":300,"height":158,"caption":"View Richardson ISD Story"},{"@type":"BreadcrumbList","@id":"https:\/\/web.risd.org\/home\/district-refunds-bonds-saving-9-7-million\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/web.risd.org\/home\/"},{"@type":"ListItem","position":2,"name":"District Refunds Bonds, Saving $9.7 Million"}]},{"@type":"WebSite","@id":"https:\/\/web.risd.org\/home\/#website","url":"https:\/\/web.risd.org\/home\/","name":"Richardson ISD","description":"Every Child. Every Teacher. Every Leader. Every Day.","publisher":{"@id":"https:\/\/web.risd.org\/home\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/web.risd.org\/home\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/web.risd.org\/home\/#organization","name":"Richardson ISD","url":"https:\/\/web.risd.org\/home\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/web.risd.org\/home\/#\/schema\/logo\/image\/","url":"https:\/\/web.risd.org\/home\/wp-content\/uploads\/2018\/11\/risd_logo.svg","contentUrl":"https:\/\/web.risd.org\/home\/wp-content\/uploads\/2018\/11\/risd_logo.svg","width":200,"height":200,"caption":"Richardson ISD"},"image":{"@id":"https:\/\/web.risd.org\/home\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/web.risd.org\/home\/#\/schema\/person\/01ecebe0fa1d32d9ec29fdd2af723e38","name":"Tim Clark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/web.risd.org\/home\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0b0dccc543d03a6f4143f4f78b72fc68e84ebf0959149bb14af20e5258fc050e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0b0dccc543d03a6f4143f4f78b72fc68e84ebf0959149bb14af20e5258fc050e?s=96&d=mm&r=g","caption":"Tim Clark"}}]}},"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/web.risd.org\/home\/wp-json\/wp\/v2\/posts\/31885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web.risd.org\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web.risd.org\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web.risd.org\/home\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/web.risd.org\/home\/wp-json\/wp\/v2\/comments?post=31885"}],"version-history":[{"count":1,"href":"https:\/\/web.risd.org\/home\/wp-json\/wp\/v2\/posts\/31885\/revisions"}],"predecessor-version":[{"id":31886,"href":"https:\/\/web.risd.org\/home\/wp-json\/wp\/v2\/posts\/31885\/revisions\/31886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/web.risd.org\/home\/wp-json\/wp\/v2\/media\/1004"}],"wp:attachment":[{"href":"https:\/\/web.risd.org\/home\/wp-json\/wp\/v2\/media?parent=31885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web.risd.org\/home\/wp-json\/wp\/v2\/categories?post=31885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web.risd.org\/home\/wp-json\/wp\/v2\/tags?post=31885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}