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UMB banking group makes sales pitch

Pawnee Valley Community Hospital

LARNED — A presentation by a UMB banking official presented the apparent lowest cost and lowest interest rate for a proposed $18 million bond for the Pawnee Valley Community Hospital.
Scott Crist, vice president and public finance officer for UMB Public Finance, Kansas City, Mo., offered a proposal at a 3.996 true interest cost for $18 million of bonds over a 20-year term. It was the lowest interest rate Pawnee County commissioners and members of the Pawnee Public Building Commission had heard. The average coupon is 3.969 percent and the all-in-cost interest rate is 4.051 percent.
UMB would ...


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