BUSINESS BRIEFS
State bond sale grabs low rate
Advertiser Staff and News Services
The state of Hawai'i sold $350 million of general obligation bonds yesterday at an interest rate of 4.289 percent, which ranks among the lowest interest rates in 30 years.
The bond sale follows an upgrade of the state's general obligation bond rating to AA from AA- with a stable outlook by Standard & Poor's Rating Service.
In upgrading the state's credit rating, Standard & Poor's said "the stable outlook reflects the very strong revenue growth and statewide economic trends, which have allowed the state to strengthen its financial position, as well as prudent management of surpluses within the constraints of the state Constitution."
KFC GETTING RID OF TRANS-FAT OIL
KFC Hawaii said yesterday its 27 restaurants in the state will switch over to a cooking oil that is free of trans fats.
The new oil, a low linolenic soybean oil, will replace the partially hydrogenated soybean oil in current use in KFC restaurants, the company said in a news release.
The conversion, which follows over two years of extensive testing of oil options to identify the same taste profile, has already begun in many KFC restaurants and is scheduled to be completed by the end of April nationwide.
SMALL-BUSINESS EXPO SCHEDULED
The Kaua'i Chamber of Commerce will hold its second Small Business Exposition Tuesday at the Sheraton Kaua'i Resort.
The event, which runs from 9:30 a.m. to 6 p.m., includes exhibits by 25 businesses designed to provide attendees a chance to learn about resources available to small businesses.
Also scheduled are workshops on resources available to small businesses, a luncheon speech by Bank of Hawaii chief economist Paul Brewbaker and a pau hana reception.
For more information, call (808) 245-7363, or visit www.kauaichamber.org.
