- Collection:
- Georgia Government Publications
- Serial:
- Press release.
- Title:
- Press release, 2021 June 9A
- Creator:
- Georgia. Office of the Governor
- Contributor to Resource:
- Georgia. Office of the Governor
- Publisher:
- Atlanta, Ga. : Georgia. Office of the Governor
- Date of Original:
- 2021-06-09
- Subject:
- Georgia--Politics and government--Periodicals
- Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- serials (publications)
- Type:
- Text
- Format:
- application/pdf
- Description:
- This is a press release issued by the Governor of the state of Georgia
- External Identifiers:
- Call Number GA G600 .P1 P7 2021/6-9A
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_i-ga-bg600-b-pp1-bp7-b2021-s6-h9a-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_i-ga-bg600-b-pp1-bp7-b2021-s6-h9a-belec-p-btext
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
Georgia Announces Sale of $1.097 Billion in General Obligation Bonds
https://madmimi.com/p/6408721?pact=1857181-163545137-115544648...
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For Immediate Release Wednesday, June 9, 2021
Georgia Announces Sale of $1.097 Billion in General Obligation Bonds
Atlanta, GA -- Today Governor Brian P. Kemp announced the State of Georgia successfully sold $1.097 billion in two different series of general obligation bonds to fund new construction projects and equipment, make repairs and renovations to existing facilities, and purchase and retire outstanding bonds to achieve debt service savings. The Georgia State Financing and Investment Commission - responsible for issuing the state's bonds approved the bond sale at its meeting today.
"Thanks to conservative leadership and our decision to safely re-open Georgia's economy, Georgia has maintained our coveted triple-A bond rating, balanced our budgets, and cut taxes," said Governor Kemp. "This bond sale allows us to build and update various infrastructure projects, and create good-paying jobs for hardworking Georgians across the state. Due to low interest rates here in the Peach State, we will be saving taxpayers dollars for years to come while also ensuring Georgia continues to lead the nation in economic recovery."
"We are extremely pleased with the bids we received. These were the result of the State's strong credit position and prudent financial management, all of which was reflected in the pre-sale interest, the variety and type of accounts participating, and the post-sale followthrough. As we approached the sale date, the bond market was demonstrating a lot of strength, but it proved to be even stronger than we were expecting. One bidder mentioned that they have not seen as great a demand or reception as they saw on our bonds," said Diana Pope, Director of the Commission's Financing and Investment Division.
The bond issues were sold on a competitive basis via four different bids with investors showing high demand for Georgia's triple A rated bonds. The overall true interest rate cost for the bonds was 1.7420%, which was the second lowest ever for an issue of the State's general obligation bonds. The interest on all the bonds is exempt from Georgia state income
6/11/2021, 8:50 AM
Georgia Announces Sale of $1.097 Billion in General Obligation Bonds
https://madmimi.com/p/6408721?pact=1857181-163545137-115544648...
2021 Office of Georgia Governor Brian P. Kemp | Georgia State Capitol Web Version Preferences Forward Unsubscribe A GoDaddy company
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6/11/2021, 8:50 AM