The Government of Guam sold general obligation bonds worth $30 million to fund a new cell at the Layon Landfill at a true interest rate of 3.25 percent and payable over 12 years.
This week’s market volume was $7 billion, however, Guam’s offering was extremely well received, and initial interest rates were reduced by 25 basis points, according to a press release from Adelup.
The governor’s office said, This ultimately reduced total debt service by approximately $1 million from the initial offering terms. The offer was oversubscribed 12.9 times.
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