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Maryland Treasurer Announces Bond Sale

August 16th, 2021 by WCBC Radio

Maryland State Treasurer Nancy Kopp has announced  the Board of Public Works has completed the sale of $852.1 million of General Obligation bonds. The overall interest rate for the bonds was 1.3% and the bonds generated $169.3 million in bond premium, which will be used to support various capital costs, as well as $41.4 million in debt service savings between now and 2029. As is always the case with Maryland’s tax-exempt general obligation bonds, the State will use the proceeds to finance important capital projects and improvements, such as public schools, community colleges, university projects, and hospitals. Governor Larry Hogan said the bond sale was an outstanding outcome and a win for all Marylanders…