State Sells Most of 2011 Bond Package
Press release from the issuing company
Thursday, October 7th, 2010
Georgia sold $654 million in general obligation bonds this week to finance new schools, higher education facilities, public safety improvements and other capital projects, Gov. Sonny Perdue announced Wednesday.
But the state also postponed another $321 million in bond sales because investors were demanding higher yields, according to a report published by Bloomberg News.
Georgia’s decision not to go forward with its entire bond package came during the heaviest volume for municipal bond sales in nearly a year, which sent yields higher.
