County Executive Bob Culver Announces Highly Successful Bond Sale

County Executive Bob Culver announced that on October 20, 2015 Wicomico County concluded a successful sale of $13,185,000 in new bonds at a true interest cost of 2.37% and refinancing of $6,530,000 of 2007 general obligation bonds at a true interest cost of 2.41%. The refinancing will save Wicomico County $363,201 in interest costs over the approximate 8 year remaining term of the issue. Settlement on the sale will occur on November 3,2015.