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Subject:
Item Title: Making Sense Out of Refunding Opportunities - Part III: Measuring Savings
Summary:
Whether you are doing advance or current refunding, exercise caution when refunding bonds. Make your decision based on information and do not be "pushed" into a refunding. Fully explore all aspects to ensure acceptable savings and understand the impact the refunding may have on overall debt structure or any arbitrage impact on the current bonds.

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