Reported 2 months ago
Florida is initiating its first-ever bond buyback, allowing investors to sell back their debts at a premium as the state seeks to reduce its debt load. With $500 million set aside for this purpose, Florida aims to buy back approximately $500 million of its $15.3 billion in outstanding debt. Governor Ron DeSantis has emphasized debt reduction during his tenure, and this buyback offers a unique opportunity for investors while the state maintains a strong financial position.
Source: YAHOO