Treasurer Fiona Ma Announces Bond Sale Benefitting Solano Jail Project

State Treasurer's Office
State Treasurer's Office

FOR IMMEDIATE RELEASE
PR 19:20
April 03, 2019
Contact:Mark DeSio

916-651-6088    

Treasurer Fiona Ma Announces Bond Sale Benefitting Solano Jail Project

$21.3 million bond sale attracts large number of bidders

SACRAMENTO – California State Treasurer Fiona Ma announced the results of today’s competitively bid sale of $21.3 million in State Public Works Board (SPWB) lease revenue bonds to provide funding to the Board of State and Community Corrections (BSCC) for the Solano Jail Project, also known as the Rourk Vocational Training Center.

“I applaud the county for taking concrete steps to help incarcerated individuals rehabilitate themselves and start new lives by offering education and job training,” Treasurer Ma said. “The large number of bids on this issue is also welcome news, because it clearly demonstrates the confidence investors have in California.”

The State Treasurer, as agent for sale, received 14 bids from broker-dealers, with Morgan Stanley & Co, LLC submitting the winning bid at a true interest cost of 2.36%.

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