The Treasurer’s Office plays an important role in State bond transactions, which are ultimately used for a variety of purposes, such as building roads, infrastructure, and a host of other uses.
The Treasurer’s Office serves as the bond registrar and the paying agent. Our office is responsible for making coupon payments, investing bond proceeds, and maintaining proper bond documentation.
Last General Obligation Bond Deal (PAR Value)
Refunding Series of September 2018 A - $641,160,000
All-in True Interest Cost - 4.16%
Refunding Series of September 2018 B - $324,610,000
All-in True Interest Cost - 4.24%
Bond ratings are financial indicators for the quality debt securities. They are assigned by credit rating agencies such as Moody's, Standard & Poor's, and Fitch Ratings.