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Harford County sells $40 million in bonds to Piper Jaffray at 3.04 percent

Piper Jaffray was the winning bidder in Harford County's $40 million bond sale Tuesday, offering a 3.0465 percent interest rate to beat out 11 other bidders. "It is higher than the county paid last time, but that was a different market," county bond counsel Steve Winter told the Harford County Council, which approved the sale unanimously during a brief special meeting Tuesday afternoon. Winter said 3.0465 "in this market is a very good rate." The bid is about half a percentage point higher than the county received in the past. "I expect it to be half a percent [higher] next year again," financial adviser Lester Guthorn told the council, adding rates...

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