The state completed a $510 million bond sale Wednesday that will be used to finance school construction, economic development and housing programs, Treasurer Denise L. Nappier announced.
The borrowing was done in three series — $300 million of tax-exempt bonds, $200 million of taxable bonds and $10 million of taxable refunding bonds.
Winning bids had interest rates of 3.03 percent, 2.37 percent and 3.46 percent, respectively.
A syndicate led by J.P. Morgan Securities that includes Estrada Hinojosa & Co. cast the winning blind bids for all three series. They had as many as nine competing bidders for each series, Nappier said.
