Treasurer Torsella Announces Repayment Of $600 Million STIP Balance


Harrisburg, PA – Pennsylvania Treasurer Joe Torsella today announced the repayment of the $600 million balance of the line of credit authorized on October 27, 2017 from Treasury’s Short Term Investment Pool (STIP) to the Commonwealth’s General Fund.


The Commonwealth had until April 2, 2018 to pay back the loan at a variable interest rate equal to the SiFMA Swap Index Yield. The calculated interest charge totaled $1,932,999.95.

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