For Immediate Release
Tuesday, 11 April 2000

Better Medical Education for a
More Healthy South Carolina

$28 Million in MUSC Bonds Sold, Today

 

(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:

    1. defraying a portion of the costs of acquiring, constructing and equipping an addition to the Basic Science Building,
    2. renovating the College of Medicine including the Basic Science Building, the Storm Eye Institute, the Quadrangle E Building, and the Clinical Science Building.

"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