R.I.’s bond sale successful, demand ‘exceeded expectations’

THE GENERAL OBLIGATION BOND SALE of $81.4 million was successful and demand 'exceeded expectations,' according to Gov. Lincoln D. Chafee and General Treasurer Gina M. Raimondo.  / BLOOMBERG FILE PHOTO/SCOTT EELLS
THE GENERAL OBLIGATION BOND SALE of $81.4 million was successful and demand 'exceeded expectations,' according to Gov. Lincoln D. Chafee and General Treasurer Gina M. Raimondo. / BLOOMBERG FILE PHOTO/SCOTT EELLS
PROVIDENCE - Rhode Island’s General Obligation Bond sale this week was a success and demand exceeded expectations, according to Gov. Lincoln D. Chafee and General Treasurer Gina M. Raimondo. The $81.4 million bond sale priced at the lowest cost-of-capital in state history, according to Barclay’s PLC, the lead underwriter on the sale. The bonds, which…
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