Tag: bond sale

Business

Santee Cooper Board Approves 2016C Bond Sale

MONCKS CORNER, S.C. – The Santee Cooper Board of Directors approved the sale of $52.4 million in revenue obligation bonds during a special telephonic board meeting today. The proceeds will be used to refund and restructure existing debt. The 2016C bond sale involved tax-exempt bonds with maturities from 2022 to 2036. The all-in true interest rate was 3.108 percent. The […]