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OST refinances previously issued bonds using the state’s strong credit ratings to lock-in lower interest rates and save millions
With the backing of newly affirmed credit ratings, the Office of the State Treasurer (OST) received favorable interest rates and completed the state’s first competitive bond sale of 2026.
February Sale Assists Local Partners
The Treasurer has led efforts to refinance nearly $9.4 billion of state debt. Today’s sale brings total savings to $878 million on a net present value basis