For more information contact: DJ Danielson 651-296-8879
SAINT PAUL – Today, the Minnesota Management and Budget Office held a $788 million GO bond sale and the results were very encouraging. Strong investor interest led to very competitive interest rates, including: 2.289% for GO various purpose bonds; 2.128% for GO trunk highway bonds, and 1.566% for refinancing of GO various purpose bonds from 2009, estimated to save that state almost $40 million.
State Representative Alice Hausman, DFL Lead on the House Capital Investment Committee, released the following statement:
“Following last week’s magnificent news that Minnesota’s “AAA” bond rating had been restored by Fitch Rating, today’s bond sale shows that the state’s debt management guidelines are serving Minnesota well. This extremely successful bond sale should be a strong motivation for a special session bonding bill.
"We must come together in an open process and pass a bonding package so every corner of Minnesota is stronger, safer, and cleaner. Minnesota taxpayers deserve getting the biggest bang for the buck by taking advantage of low interest rates.”
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