The state sold $175 million of special tax obligation refunding bonds last week with a true interest cost of 4.8815% the lowest interest cost for a 20-year bond in the nine-year history of the state's special tax obligation program.

"In these tough economic times, we are aggressively looking for ways to save money," state Treasurer Joseph M. Suggs Jr. said Friday. "Once again we have been able to take advantage of the low interest rate environment and provide historically low debt service cost for Connecticut taxpayers;"

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