The South Jersey Port Corp. last week sold $25.8 million of debt aided by radio and print advertisements for a sister bond deal as retail buyers held back on the bonds.

Proceeds will help support the development of a new port in Paulsboro in southwestern New Jersey. Port activity in the region is an economic stimulus for the area and the state each year allocates roughly $7 million to the SJPC to help maintain its debt service reserve fund. Repayment of the Series 2009O bonds will rely on corporation revenues as well as annual state appropriations.

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