STATE
INFRASTRUCTURE BANK BONDS SOLD
TREASURER PATTERSON
PLEASED WITH RESPONSE FROM INVESTORS.
Columbia
,
SC
– State Treasurer Grady L. Patterson, Jr., issued $295 million in State
Infrastructure Revenue Bonds today. This offering was well received
by the investing community. Rates for today’s issues reflect the
importance of
South Carolinas
impeccable credit rating. “Each investor understands that
South Carolina
is a fiscally conservative state that keeps a very close eye on our debt
issuance. When we go to market with this type offering we are well
received,” stated Patterson.
Today was no different in that respect. The winning bidder was
Merrill Lynch & Company with a bid of 4.86%. The proceeds from
this bond sale will help to promote economic development throughout the
state. Specifically, programs ranging from improving roads to
building bridges that help move citizens and tourists alike will be
funded. Several counties and communities will benefit from the
improvements including
Aiken
County
,
Anderson
County
,
Charleston
County
,
Greenville
County
,
Horry
County
,
Lexington
County
, and
Spartanburg
County
.
“I am so proud that we were able to build and repair roads and
bridges around
South Carolina
without raising taxes a dime on our hard working families,” State
Treasurer Patterson concluded. “Our State’s AAA credit rating, allows
us to complete even larger projects that lay the foundation for a stronger
South Carolina
.”
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