OLYMPIA – Washington’s outstanding credit ratings, which were recently affirmed, helped generate strong investor interest today, as the Office of the State Treasurer competitively sold $1,114,310,000 in bonds. The low interest rates achieved during the sale of Washington’s highly-rated bonds will save the state millions of dollars over the term of the loans, in the […]
OLYMPIA – The Office of the State Treasurer (OST) created over $80,000 dollars in interest savings for the state of Washington by refinancing $1.28 million in outstanding debt. Savings achieved today can be attributed to favorable interest rates and to Washington’s recently affirmed Certificates of Participation (COPs) credit ratings from Moody’s. Peninsula College partnered with […]
OLYMPIA – Several municipalities serving communities across Washington have partnered with the Office of the State Treasurer (OST) to finance purchases for essential building upgrades and vehicles. The funding will be secured from the sale of more than $19 million of Certificates of Participation (COPs) through OST’s Local Option Capital Asset Lending Program (LOCAL Program), […]
The Office of the State Treasurer (OST) sold a series of Certificates of Participation (COPs) this week that will provide funds to local districts across Washington, financing new equipment, emergency vehicles and land acquisitions. Proceeds from the three-times-yearly sale of COPs finance purchases requested by local partners through OST’s Local Option Capital Asset Lending Program […]
The Office of the State Treasurer achieved strong investor interest and low interest rates in the sale of more than $707.5 million of Various Purpose General Obligation Bonds, and $140 million of General Obligation Bonds (Taxable) on Tuesday thanks in part to Washington’s newly affirmed strong credit ratings. “The attractive interest rates that my office […]
OLYMPIA – State Treasurer Mike Pellicciotti received confirmation this week that Washington will maintain its impressive bond ratings ahead of next week’s scheduled sale of approximately $707 million of Various Purpose General Obligation Bonds, and $140 million of General Obligation Bonds (Taxable). “Affirmation of the state’s strong credit ratings, including Moody’s outstanding ‘Aaa’ rating, affords […]
Olympia, WA – Washington State Treasurer Mike Pellicciotti approved a series of refunding bonds today, saving more than $4.3 million in debt service costs on bonds that had been originally issued to finance a portion of the State Route 520 Bridge Replacement and HOV Program. Taking advantage of opportunities to reduce the state’s debt service […]
The Office of the State Treasurer (OST) is scheduled to sell a series of Certificates of Participation (COPs) this week that will provide funds to local districts across Washington, financing new equipment, emergency vehicles and building construction. Local districts will gain access to low financing rates by utilizing the Local Option Capital Asset Lending Program […]
OLYMPIA – With the Governor’s signature on the supplemental budget today, Washington state took a key first step in creating the Washington Future Fund, an initiative championed by State Treasurer Mike Pellicciotti to address the wealth gap in Washington. Today’s budget forms the Washington Future Fund committee, a study of wealth inequality, and a final […]
OLYMPIA – The Office of the State Treasurer Requested Civil Asset Forfeiture legislation that will dedicate funds collected by the state to the Behavioral Health Loan Repayment Program Account was signed into law today by Washington Governor Jay Inslee. Senate Bill 5728, sponsored by Sen. Jeff Holy (R-Spokane), dedicates all civil asset forfeiture dollars collected […]
