Santee Cooper kicks off spring 2012 Mini-Bond sale
April 2, 2012
MONCKS CORNER, SC – April 2, 2012 – Santee Cooper announces itsspring 2012 Mini-Bond sale today, offering investors the opportunity topurchase municipal bonds throughout April for as little as $200.
Santee Cooper Mini-Bonds, which are tax exempt, are available forpurchase by residents of South Carolina, customers of Santee Cooper,members of the state’s electric cooperatives, electric customers of thecity of Georgetown and electric customers of the Bamberg Board of PublicWorks. The term “tax-exempt” means exempt from federal and SouthCarolina income taxes for South Carolina residents under current law.
Interest rates vary according to the bond maturity dates, which rangefrom 2017 through 2032. A complete list of interest rates will beavailable throughout the sale at www.scminibonds.com.
The last date to request an information packet for the 2012 Series M1Mini-Bonds is April 24, and the last date to order Mini-Bonds is April30. Investors can purchase Mini-Bonds directly from Santee Cooper byordering bonds online at www.scminibonds.com or by calling1-877-246-3338 to request information or order forms. The maximumcombined purchase is $50,000 per individual.
“Our Mini-Bonds offer investors a unique and easy opportunity to enhancetheir portfolios by investing in South Carolina,” said Lonnie Carter,Santee Cooper president and CEO. “Equally important, Mini-Bonds helpSantee Cooper fulfill our responsibility to provide South Carolina withreliable, low-cost and environmentally protective electricity.”
Specifically, the spring 2012 Mini-Bond program includes:
- 2012 Series M1 Capital Appreciation Bonds: Minimum purchase is$200 and interest is paid on the Mini-Bonds’ maturity date: Jan. 1,2021; Jan. 1, 2026; or Jan. 1, 2031.
- 2012 Series M1 Current Interest Bearing Bonds: Minimum purchase is$500; interest is paid semiannually. The Mini-Bonds’ maturity dates areJan. 1 of 2017, 2022, 2027, or 2032.
About Santee Cooper
Santee Cooper is South Carolina’s state-owned electric and waterutility, and the state’s largest power producer. The ultimate source ofelectricity for 2 million South Carolinians, Santee Cooper is dedicatedto being the state’s leading resource for improving the quality of lifefor the people of South Carolina. For more information, visit www.santeecooper.com.
