# Rhode Island Completes $221M Bond Sale

Rhode Island successfully completed a **$221.36 million** General Obligation Bond sale on April 7, 2026, supported by strong credit ratings from Fitch, Moody's, and S&P, all with stable outlooks. The bond issuance featured historically low interest spreads and robust investor demand despite market volatility, enabling the state to finance housing, infrastructure, and community investments while optimizing taxpayer savings.

- This bond sale reflects Rhode Island's strong fiscal health and creditworthiness, which can positively influence procurement funding availability for state projects
- Procurement professionals should anticipate continued investment in infrastructure and community development initiatives funded through these bonds
- Vendors and contractors in construction, infrastructure, and housing sectors may find increased opportunities as Rhode Island deploys bond proceeds
- The involvement of multiple underwriters including Cabrera Capital Markets and major financial institutions indicates a competitive financing environment supporting state procurement activities

**Jurisdictions:** sled
**Industries:** Construction & Infrastructure
**Topics:** Grants & Funding
**Published:** May 13, 2026

### Government Entities
- Rhode Island Office of the General Treasurer
- Fitch Ratings
- Moody's Investors Service
- S&P Global Ratings

### Vendors
- Cabrera Capital Markets (underwriting lead)
- BofA Securities, Inc. (underwriter)
- J.P. Morgan (underwriter)
- Morgan Stanley (underwriter)
- Raymond James (underwriter)

### Key Quotes
> Rhode Island bonds continue to be a smart and reliable investment for individual and institutional investors.
> — James A. Diossa, General Treasurer

### Sources
- [RI General Obligation Bond Sale a Success Reflecting State’s Strong Credit and Outlook | Rhode Island Office of the General Treasurer](https://treasury.ri.gov/press-releases/ri-general-obligation-bond-sale-success-reflecting-states-strong-credit-and-outlook) - RI