Kentucky Commission Readies State's First Deal of 2003

DeSue, Tedra
June 2003
Bond Buyer;6/9/2003, Vol. 344 Issue 31652, p3
Trade Publication
Kentucky Asset Liability Commission will introduce 168 million dollars of 10-year refunding notes on June 11, 2003, marking the state's first deal in 2003 and the first since Kentucky belatedly adopted a budget for fiscal 2003 in March. The notes will have maturities from January 15, 2004, through July 15, 2013. Because there was no legislatively adopted budget, the state had been prohibited from issuing any new debt from July 1, 2002. Kentucky does not issue general obligation debt, but instead sells lease appropriation-backed debt.


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