The country's three major bond-rating agencies have once again awarded Delaware a triple A-rating for its fiscal management practices.
The ratings have been received in conjunction with the state’s proposed issuance of $340 million of its general obligation bonds. Of the total bonds, $225 million represents new money for capital projects, primarily school construction projects, while more than $115 million will refinance existing higher priced debt.
“Having another triple-A bond rating keep the state’s interest rates lower, saving even more money for Delaware,” secretary of finance Tom Cook said. Of the bonds being sold, $115 million will be available to retail investors.
Retail bonds will be available from the following brokers until Feb. 19:
BofA Merrill Lynch: (800) 937-0424 (Wilmington); (800) 487-4518 (Rehoboth Beach);
(800) 937-0631 (Dover).
Raymond James & Associates, Inc.: (877) 295-9116.
Drexel Hamilton LLC: (212) 632-0406.
Loop Capital Markets: (888) 294-8898.
M&T Securities, Inc: (302) 651-8644.
TD Securities: (800) 934-4445.