9/28/2017 12:42:52 PM
ST. PAUL – On Wednesday, the State of Minnesota sold nearly $858 million of general obligation bonds. The proceeds of the bonds will fund capital investment projects in the state such as construction of higher education facilities, highway projects, and economic and redevelopment projects previously authorized by the Minnesota Legislature. The bond sale also included a refunding component that refinanced a portion of the state’s outstanding debt, saving the state $44 million over the life of the bonds.
