Maryland Bond Sale To Fund Public Works Projects

ANNAPOLIS, Md. (AP) -- Maryland officials say the sale of $738.4 million in bonds at super low interest rates will benefit efforts to build more schools, hospitals, prisons and cultural projects at an unusually reduced cost.

State Treasurer Nancy K. Kopp said Wednesday that the Board of Public Works completed the sale of general obligation bonds in three series. Interest rates on the AAA-rated bonds range from 1.69 percent to 2.42 percent.

The Maryland State Treasurer's Office expects to conduct another bond sale in late July.

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