Entries by ost_admin

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Biggest Bond Refunding Series in State History Saves Almost $138 Million in Debt Service Costs

OLYMPIA, WA – Pending Congressional action potentially changing future tax policy and restricting the state’s ability to issue refunding bonds helped support the biggest single bond refunding series in Washington State history. The Office of the State Treasurer sold $742.645 million of Various Purpose General Obligation Refunding Bonds, Series R-2018C on Tuesday, November 14th. The sale […]

OST Hires Jason P. Richter as New Deputy Treasurer for Debt Management

OLYMPIA, WA – The Washington State Treasurer’s Office is pleased to announce the hire of Jason P. Richter as the new Deputy Treasurer for Debt Management. Within the role, Richter will be a part of the Office of the State Treasurer’s (OST) Executive Leadership Team which provides strategic leadership and tactical planning to support the […]

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Strong Demand for Washington State Bonds

OLYMPIA, WA – The Office of the State Treasurer sold $528.8 million in bonds on Tuesday, September 26th. The bonds were split into three sales: one sale of new money general obligation bonds, a second sale of taxable general obligation bonds and the third sale of refunding general obligation bonds. The refunding sale of approximately […]

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$24 Million COPs Sold For Washington Government Projects

OLYMPIA, WA – Washington’s Office of the State Treasurer (OST) successfully sold almost $24 million in Certificates of Participation (COPs) on September 12th.  The offering attracted 12 different bidders with Morgan Stanley & Co, LLC (Morgan Stanley) offering the lowest bid. The COPs will help finance equipment needed by 18 local governments across Washington. Morgan […]

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Washington Keeps Strong Bond Ratings

Olympia, WA – State Treasurer Duane Davidson announced today that the three national debt rating agencies have reviewed Washington’s financial situation and have confirmed the existing bond ratings for the State’s Long Term General Obligation (GO) bonds. Washington has very strong ratings: Fitch AA+ with stable outlook, Moody’s Aa1 with stable outlook and S&P AA+ […]