For Immediate Release
Tuesday, 11 April 2000
Better Medical Education for a
More Healthy South Carolina
(COLUMBIA, SC) State Treasurer Grady L. Patterson’s Office sold $28 million in General Obligation Bonds on behalf of the Medical University of South Carolina, today. The bonds will provide funds for two major projects:
"A new day is dawning on the state’s relationship with our medical institutions," Mr. Patterson said. "Along with MUSC’s new President, Raymond S. Greenberg, we have a renewed dedication to providing the best facilities in the nation to our medical students. Today, we are laying the foundation for a better health system that, in turn, will provide a healthier future for the people of South Carolina."
Robinson-Humphrey Company won with a low bid of 5.256% over six other bidders. The second-lowest bid – known as the cover bid – was 5.269% by First Union Securities, Inc.
Mr. Patterson ended by saying, "Because of the State’s stellar AAA credit rating, these facilities will be built without raising taxes on South Carolina’s hard-working families while granting those same families better medical care for years to come."
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For more information contact:
David A. Adams, 803/734-0380