WASHINGTON — The District of Columbia achieved an historically low interest rate on its recent sale of 25-year bonds, as part of a heavily oversubscribed offering of $776 million of income tax-secured revenue bonds this week, the office of the chief financial officer announced Tuesday.

The 3.16% rate is even lower than the rates for the federally-subsidized Build America Bonds sold in 2009 and 2010, the office said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.