I-JOBS bonds named a top 10 deal of the year

Bond Buyer, the premier publication for public financing, has named Iowa’s I-JOBS bonds one of the top 10 financing deals of the year.

Iowa submitted the $601 million I-JOBS Program Special Obligations Bonds for recognition based upon the timely and innovative public purposes of the program, the new credit structure and effective marketing to reach new investors. The I-JOBS financing secured bonds to strengthen Iowa’s economy, help Iowa recover from the natural disasters of 2008 and preserve or create jobs.

In July, the I-JOBS bonds sale exceeded the state’s expectations.   High demand for Iowa’s AAA bonds saved the state $12 million annually in service payments.

The winning deal will be announced on December 8th.