Sussex County government looks to reduce its interest rates by going to the bond market today.
More than $59-million in general obligation bonds are expected to go on sale today, providing the county with the opportunity to reduce the interest rate on existing debt for some of its sewer districts. Investors will be able to buy the bonds in increments of $5,000. It is expected that the bonds will be exempt from federal and state income taxes. Three brokerage firms are handling the sale of Sussex County bonds. For details, investors interested in “owning a piece of Sussex County” may call Wells Fargo Securities at 1-866-287-3221, M&T Securities Inc. at 1-302-651-8644, or RBC Capital Markets at 1-888-848-1756.