Saturday, October 06, 2007

Stem Cell Bonds Issued by California

For the first time, the state of California has issued municipal bonds of which the proceeds will be used to fund human embryonic stem-cell research. The bonds are paying a yield of approximately 5.16%, are exempt from California state income taxes and are anticipated to be exempt from Federal taxes.

Stem cells are a hot investment right now. In case you missed my previous article on stem cells stocks, it can be found here.

No comments: