Projo Biz Blog

Rhode Island sold $25 million in bonds today to individuals and small businesses in the state, according to General Treasurer Frank T. Caprio's office.
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The remainder of the $350 million issue of tax anticipation notes was sold through institutional investors, the treasurer's office said.

The bonds were priced to yield 2.2 percent, below initial estimates last week of 3 percent because of the heavy demand, the treasurer's office said.
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