MISSOURI: State TIC

The state captured a true interest cost of 3.43% in last week's pricing of its $559 million general obligation refunding issue.

Goldman, Sachs & Co. submitted the winning bid, according to the state Board of Fund Commissioners.

The current refunding refinanced GOs issued for water pollution control and state building projects. The state is also putting together a $600 million tobacco securitization for later this fall.

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