South Carolina Mini-Bonds
A Tax-Free Investment for the Future
What is a Mini-Bond?
Mini-bonds are general obligation bonds. They are small denominational, tax-free bonds sold by the Office of State Treasurer and are secured by a pledge of the full faith, credit, and taxing power of the State of South Carolina. Mini-bonds were last issued in November 2000.
There are two types of Mini-Bonds:
A. Capital Appreciation Bonds
A Capital Appreciation Bond is a bond on which the purchaser receives no interest payments between the time it is purchased and its maturity date. Instead, the interest compounds semiannually and is payable at maturity. Capital Appreciation Bonds may be purchased in $200 increments.
B. Current Interest Bearing Bonds
A Current Interest Bearing Bond is a bond on which interest is paid each six months until maturity. Current Interest Bearing Bonds may be purchased in $500 increments.
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Interested In Future Mini-Bond Issues?
At this time, there are no plans to issue more mini-bonds; however, if you would like to be notified in the event we offer mini-bonds sometime in the future, please click the link below.
Yes, I'm Interested in Future Mini-Bond Issues
Registrar and Paying Agent
If you currently own a mini-bond and have questions concerning a change in registration, change of address, an interest payment, or a lost bond, please call the Registrar and Paying Agent, U.S. Bank,
at 800-934-6802.
Regular Mail: Overnight Mail:
U.S. Bank U.S. Bank
Corporate Trust Services Corporate Trust Services
PO Box 64111 60 Livingston Avenue
St. Paul, MN 55164-0111 1st FL-Bond Drop Window
St. Paul, MN 55107
If you have general questions about your mini-bond, please call Linda Champion-Gamble in the State Treasurer’s Office at 800-279-4317.
Question & Answer Document to view information on the last mini-bond issue in 2000