Kansas Coops Become 100-Percent Borrowers of CFC
Posted on Apr 30, 2012 in Financing, Rates | Comments Off on Kansas Coops Become 100-Percent Borrowers of CFC
Meade-based CMS Electric Cooperative, Inc. and nearby Pratt-based Ninnescah Rural Electric Cooperative, Inc. have both closed deals to become 100-percent borrowers of the National Rural Utilities Cooperative Finance Corporation (CFC). Both coops cited CFC’s high level of customer service and the low interest rates and savings that CFC could provide by refinancing their existing debt as reasons behind this decision. CMS is expected save about $7 million over the life of the new notes. More details about the deals are available here.
