© 2022 KGOU
KGOU_Header_72dpi-03.jpg
News and Music for Oklahoma
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Politics and Government

Capitol Repair Bonds To Be Offered For Sale

oklahoma capitol facade
KellyK
/
Flickr Creative Commons

Approximately $50 million of the $120 million of bonds authorized to finance repair of the State Capitol will be offered for sale Wednesday and Thursday, State Bond Advisory Jim Joseph announced Friday.

The bonds will be sold to an underwriting group headed by BOSC, Inc., a subsidiary of BOK Financial Corp. Other members of the underwriting team include RBC Capital Markets and Wells, Nelson & Associates.

According to Joseph, The bonds are not subject to redemption prior to maturity and will mature each January 1 in the years 2016 through 2025. Security for the bonds, which are rated "AA" by both Standard & Poor's Corporation and Fitch Ratings, will be provided by annual appropriations from the Legislature, he said.

-----

KGOU relies on voluntary contributions from readers and listeners to further its mission of public service to Oklahoma and beyond. To contribute to our efforts, make your donation online, or contact our Membership department.

More News
Support nonprofit, public service journalism you trust. Give now.