County earns 1.49% interest rate – lowest on record - in last sale from 2016 bond referendum
Henrico County has sold its last set of general-obligation bonds to support capital-improvement projects identified in the 2016 bond referendum.
With the $121.4 million sale on June 16, the county had its triple AAA bond ratings reaffirmed and earned its lowest interest rate on record, 1.49% for the 20-year bonds.
“This interest rate is significantly better than our previous low rate of 1.96% from last August and it validates Henrico’s reputation for strong fiscal management, even in challenging times,” County Manager John A. Vithoulkas said. “Along with the reaffirmation of our triple AAA bond ratings, this low interest rate will allow us to provide our residents with new and improved facilities while saving millions of dollars in costs over the next two decades.”Continue reading Henrico’s triple AAA bond rating reaffirmed, despite economic slowdown