CONCORD, N.H. (AP) – Investors snapped up $150 million in New Hampshire bonds in four hours.

State Treasurer Catherine Provencher said the preliminary interest rate on the general obligation bonds was under 5 percent. She said investors put in orders Monday for double the amount New Hampshire had to sell.

The tax exempt bonds were sold exclusively to retail buyers and drew ratings of AA from Fitch Ratings and Standard & Poors and Aa2 from Moody’s.

The money is for public works projects.

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