Georgia's $173 Million General Obligation Deal First for State This Year

DeSue, Tedra
June 2003
Bond Buyer;6/24/2003, Vol. 344 Issue 31663, p25
Trade Publication
Georgia plans to sell about $173 million of general obligation bonds on June 24, 2003, marking the first sale of the year for the state. Weyman Smith, the director of the Georgia State Financing and Investment Commission, said the deal is expected to pick up at least six bids. Proceeds from the sale of the five-year bonds will be used for projects at the state's human resources department and by the Board of Regents for the state's university system. While Georgia has managed to keep its triple-A bond rating and stable outlook from all three major rating agencies, the economic slowdown has taken a toll on the state.


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