For Immediate Release
Thursday, 7 October 1999
 

Safe, Smart and Profitable Investments for SC Families:
Patterson Announces 1999 TAX FREE Mini-Bond Program

 

Columbia, SC – Today, State Treasurer Grady L. Patterson, Jr., unveiled the issuance of $25 million in South Carolina Tax Free Mini-Bonds, calling them "a safe, smart and profitable way for families to invest for college, retirement, or just to diversify their holdings.

"It is safe because the investment is backed by the authority of the State of South Carolina – there is no speculation involved. It is smart because saving for the future for our children and ourselves is good, plain, common sense. And, mini-bonds are profitable because they are tax-free, with favorable rates," Mr. Patterson said.

Citizens will be able to buy a piece of South Carolina for only the fourth time in history. Treasurer Patterson spurred the Legislation making the program a reality in 1994. "People who have bought these before are always asking me when we will offer them again," he said. "They know what a good deal Tax Free Mini-Bonds are, and we want more people to have the chance to share in this super opportunity.

"More South Carolinians than ever have the money – and have become market savvy – to know the excellent advantages of tax free investments," Patterson continued.

The Treasurer also showed off his updated web-site that provides all of the necessary information about the Tax Free Mini-Bond Issue. "We have made it a top priority to utilize technology for South Carolinians to more easily interact with our office," the Treasurer said. "And now, at the Treasurer's website you can buy a tax free piece of South Carolina easier than ever before – you can do everything but write the check!"

"Simply put, South Carolinians have a great opportunity to invest for their future, and we are making every effort to make it easy for them to do so."
 

The Quick Facts:

To buy a bond(s):

**BONDS WILL BE SOLD October 26th through November 9th ONLY!

 
To request an information packet either:

    1. Visit State Treasurer Patterson’s web site at  –  http://www.state.sc.us/treas
    2. Call 1-800-279-4317.
    3. Mail your name and address to:

Grady L. Patterson, Jr./Tax Free Mini-Bonds/PO Box 11778 Columbia, SC 29211

** We cannot take requests after November 5th, 1999.

 
Interest Rates on Capital Appreciation Bonds:

 
Availability:

 
Public Interest:

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For more information contact:
David A. Adams, 803/734-0380