LATEST NEWS 
December 30, 2009
Bonds to finance Virgin Islands wastewater plant
The leader of the U.S. Virgin Islands says the government has sold $39 million in revenue bonds to finance a wastewater plant at Cruzan Rum’s distillery.
The plant in St. Croix is part of a 30-year deal with the owners of locally produced Cruzan.
The overall interest rate for the bonds was 5.96 per cent.
Gov. John deJongh said construction of the wastewater plant to boost capacity at the Cruzan plant is one of his administration’s “central environmental objectives.”
Cruzan is owned by Deerfield, Illinois-based Fortune Brands Inc., which makes products ranging from Jim Beam bourbon to Titleist golf balls. It acquired the St. Croix-produced rum in September 2008.
-Canadian Press
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