State Approves New Bonds, Maintains AAA Rating

More Than $27 Million in Savings through Refinancing of Existing Bonds

ATLANTA – The Georgia State Financing and Investment Commission (GSFIC) approved today more $506 million in new bonds and refinanced $425 million in existing bonds, resulting in the largest bond issuance in state history of more than $931 million.

“Through sound financial management, the state was able to issue new bonds to support many important projects throughout the state and at the same time save more than $27 million,” said Governor Sonny Perdue.

Through the refinancing of existing bonds at a low interest rate of 3.9 percent, Georgia will save $27.2 million. The major bond rating agencies confirmed Georgia’s AAA bond rating.

A listing of the new bond projects is attached.