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Payment on pensions benefits state

Agencies give Hawaii stronger ratings, leading to lower borrowing costs

By Alan Yonan Jr.

POSTED: 01:30 a.m. HST, Dec 09, 2013

~~<p>Recent efforts to shore up the state's public worker pension and health care funds are helping Hawaii distinguish itself from other states competing for the attention of investors in the crowded municipal bond market.</p>
<p>Hawaii's sale of nearly $900 million of general obligation bonds last month produced an average yield lower than what states with comparable credit ratings are able to achieve, said Kalbert Young, state director of finance.</p>
~~

Recent efforts to shore up the state's public worker pension and health care funds are helping Hawaii distinguish itself from other states competing for the attention of investors in the crowded municipal bond market.

Hawaii's sale of nearly $900 million of general obligation bonds last month produced an average yield lower than what states with comparable credit ratings are able to achieve, said Kalbert Young, state director of finance. Login for more...



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