Providence sells road bond issue at lower-than-expected interest rate

PROVIDENCE HAS SOLD ITS $39.3 million general obligation road bond issue at 3.66 percent interest, lower than the 5 percent interest rate originally projected.  / PBN FILE PHOTO/FRANK MULLIN
PROVIDENCE HAS SOLD ITS $39.3 million general obligation road bond issue at 3.66 percent interest, lower than the 5 percent interest rate originally projected. / PBN FILE PHOTO/FRANK MULLIN
PROVIDENCE – Rhode Island’s capital city successfully sold its $39.3 million general obligation road bond issue at lower than expected rates, Mayor Angel Taveras announced Wednesday. The city sold its bond issue to a syndicate led by Raymond James, which also included Janney Montgomery Scott, Roosevelt & Cross, and Siebert Brandford Shank, according to a…
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