(New York City) The Governor’s Fiscal Team managed the successful sell of Guam’s bonds on the market before dawn. The bonds – $45M in new money for GMH and the rest a refinancing of existing bonds – were sold at a record low 3.32%.
This means the team saved Guam’s taxpayers even millions more than originally anticipated.
This story is developing. The Governor’s Office will bring you more detail as these facts become available.
In the meantime, Guam was featured in a Bloomberg story right as bonds were being sold. The link below discusses the dilemma the fiscal team faced in light of Puerto Rico’s debt issues. Guam has since prevailed.
http://www.bloomberg.com/news/articles/2016-08-04/guam-downplays-puerto-rico-risk-amid-return-to-municipal-market
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