Charleston County School District sells $49.3 million in bonds at record-low rate
June 23, 2025
Charleston County School District (CCSD) has successfully sold $49.3 million in general obligation bonds to support the remaining construction costs for four North Charleston school projects: A.C. Corcoran Elementary, Morningside Middle, and Deer Park Middle. The funds will also cover the land acquisition at Midland Park Primary. This bond sale marks a strategic milestone in the district’s multi-phase capital financing plan approved in 2023.
The bonds were issued at a competitive 3.07% interest rate, significantly below the current market rate for AAA-rated bonds, which hovered around 3.35% at the time of sale. It also represents a 56 basis point (0.56%) drop from the interest rate on the district’s first bond issuance in this series, yielding millions in projected savings.
