TITLE

South Carolina Preparing $90 Million GO Deal, Heavy on the Refunding

AUTHOR(S)
DeSue, Tedra
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/3/2003, Vol. 344 Issue 31648, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Triple-A rated South Carolina will competitively sell $90 million of general obligation bonds on June 4, 2003, most of which will be refunding debt, for an expected net-present-value savings of between 4% and 5%. State Treasurer Grady Patterson said his office is constantly monitoring the markets to be ready to take advantage of interest rate savings. Debt manager Rick Harmon added that savings from refunding debt from a Series 1994A issue and a Series 1996B issue were compelling enough to move forward with a bond sale.
ACCESSION #
10014725

 

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