Treasurer: Taxpayers Will Save $32M Through Bond Refinancing
Reply April 29, 2021 Connecticut State Treasurer Shawn T. Wooden announced last week that the State's $1 billion of Special Tax Obligation (STO), Transportation Infrastructure bond sale achieved an overall interest cost of 2.12%, an all-time record low cost for the STO bonding program. This demonstrates very strong investor demand from both retail and institutional buyers. The sale included $875 million of new money bonds that will provide $1.03 billion is new funding for transportation projects. The sale also includes two series of refunding bonds to refinance existing bonds for a total sav...
Source: patch.com