Honolulu sells more than $250M in sewer bonds

Honolulu sold more than $250 million in bonds to help pay for repairs and upgrades to the city’s sewer system.

The city said Thursday it received $1.1 billion in orders for the bonds — a record amount. It’s paying a 3.71 percent interest rate — the lowest rate the city has ever received for wastewater bonds.

— Bloomberg Businessweek