Galveston Wharves’ $157M Bond Sale Generates $1.8B in Orders
July 31, 2024
Galveston, TX (July 31, 2024) – The Galveston Wharves has successfully priced $156,835,000 in revenue bonds for construction of the port’s fourth cruise terminal, with the sale generating more than $1.8 billion in orders from investors on July 25. As a result of the strong demand, interest rates were lowered, which generated approximately $2 million in total principal and interest savings for the port. Rodger Rees, Galveston Wharves port director…