| Date | Description |
|---|
| 12/12/07 | The State offered its $29,195,000 General Obligation Refunding Bonds, 2007 Series F underwritten by UBS Investment Bank in a negotiated sale. These bonds were issued to take advantage of current low interest rates to retire higher cost outstanding debt. Gross savings to the State are over $1.6 million through fiscal 2017. Present value savings are nearly $1.1 million. |
| 12/12/07 | The State offered it $11,000,000 General Obligation Bonds, Series E (Vermont Citizens Bonds) through a negotiated offering managed by Citigroup. The Bonds have an average life of 5.1 years and true interest cost of 3.49%. |
| 11/14/07 | The State offered its $35,000,000 General Obligation Bonds, 2007 Series D. The Bonds were purchased by Merrill Lynch through a competitive bid process on Parity and were reoffered to retail and institutional investors. The bonds have an average life of 11.7 years and true interest cost of 4.30%. |
| 03/07/07 | The State offered its $14,500,000 General Obligation Bonds, 2007 Series B and C (Vermont Citizen Bonds and Vermont Citizens Environmental Bonds) through a negotiated offering managed by Citigroup. The Bonds have an average life of 4.8 years and a true interest cost of 3.65% |
| 02/13/07 | The State offered its $30,000,000 General Obligation Bonds, 2007 Series A. The Bonds were purchased by Citigroup through a competitive bid process on Parity and where reoffered to retail and institutional investors. The Bonds have an average life of 12.40 years and a true interest cost of 4.09%. |
| 12/06/05 | The State offered its $15,000,000 General Obligation Bonds, 2005 Series E (Vermont Citizens Bonds) through a negotiated offering managed by Citigroup. The Bonds have an average life of 5.09 years and a true interest cost of 3.76%. |
| 11/15/05 | The State offered its $30,000,000 General Obligation Bonds, 2005 Series D. The bonds were purchased by Merrill Lynch through a competitive bid process on Parity and were reoffered to retail and institutional investors. The bonds have an average life of 12.64 years and a true interest cost of 4.38%. |
| 05/24/05 | The State issued $20,805,000 of General Obligation Refunding Bonds, 2005 Series C, underwritten by Citigroup and A.G. Edwards in a negotiated sale. These bonds were issued to take advantage of prevailing low interest rates to retire higher cost outstanding debt. |
| 03/30/05 | The State offered its $15,000,000 General Obligation Bonds, 2005 Series B (Vermont Citizen Bonds) through a negotiated offering managed by Citigroup. The Bonds have an average life of 5.38 years and a true interest cost of 3.65%. |
| 02/16/05 | The State offered its $26,000,000 General Obligation Bonds, 2005 Series A. The bonds were purchased by Citigroup Global Markets Inc. through a competitive bid process on Parity and were reoffered to retail and institutional investors. The Bonds have an average life of 13.4 years and a true interest cost of 3.89%. |
| 03/10/04 | State issued $42,200,000 of Vermont General Obligation Bonds in a competitive sale through Parity. The issue was purchased by Legg Mason Wood Walker, Inc. and had a true interest cost of 3.58%. |
| 02/11/04 | State issued $137,457,000 of General Obligation Refunding Bonds, underwritten by Citigroup and UBS Financial Services in a negotiated sale. These bonds were issued to take advantage of the prevailing low interest rates to retire higher cost outstanding debt. Gross savings to the State will be in excess of $7 million over the life of the issue (final maturity February 1, 2018); net present value savings are just below $6 million. |
| 09/05/03 | State issued $48,000,000 in General Obligation Revenue Anticipation Notes through a private placement to Calvert Tax-Free Reserves Limited-Term Portfolio. This short term financing was for the purpose of providing FY2004 working capital to the State and matured on March 5, 2004. |
| 01/29/03 | State issued $5,000,000 of Vermont Citizen Bonds, which were bought by Salomon Smith Barney. These bonds are reserved for Vermont residents and come in denominations of $1,000. |
| 12/09/02 | State issued $31,555,000 of General Obligation Refunding Bonds, which were bought by UBS Paine Webber, Inc. at a true interest cost of 3.49%. These bonds were issued to take advantage of today's low interest rates and refunded higher cost outstanding debt. |
| 12/04/02 | State issued $30,800,000 of General Obligation Bonds in a competitive sale through Parity, the primary vendor of web-based securities bidding software for the state and local government bond market. The issue was purchased by Salomon Smith Barney and had a true interest cost of 4.21%. |
