Gilt-edged Georgia reaped record-low interest rates on last week’s sale of $653.9 million of general obligation bonds, which were issued to fund new capital projects for K-12 public schools, higher education, public safety, and infrastructure.

The offering resulted in net interest costs ranging from 0.97% to 2.14%, which translated into an annual debt-service savings of more than $15 million compared to budgeted amounts, according to Gov. Sonny Perdue.

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