City Completes Bond Sale and Obtains Lower Rates

On June 14, 2012, the city of Richmond sold $248.2 million in bonds and refinanced $146.9 million of existing bonds at significantly lowers interest rates. "These lower-than-expected rates are a benefit of the City's strong credit rating, even at a time when many local governments are struggling to maintain their existing credit ratings. The City of Richmond has experienced several bond rating upgrades in the past few years,"stated Mayor Dwight C. Jones. To learn more, please click here.