RSA Advisors, LLC served as municipal advisor on a recent $8.575 million general obligation bond issue to refinance debt on the city’s government center building. With the refinance, the city will save over $3.1 million and also shortened the term of the financing by 10 years. Somerset took advantage of record low interest rates and locked-in their new debt at a 1.93% total interest costs over 25 years. Somerset also received a two notch credit rating upgrade as part of the bond issuance process by Moody’s Investors Service. Contact one of the municipal advisors below for more information.