Kansas Turnpike Authority to Sell $112 Million Refunding

Williamson, Richard
June 2003
Bond Buyer;6/10/2003, Vol. 344 Issue 31653, p44
Trade Publication
This article focuses on the plan of the Kansas Turnpike Authority to sell 111.5 million dollars of refunding revenue bonds on June 11, 2003, with an expectation to save about five million dollars in interest due to extremely low interest rates. The deal has attracted interest from eight potential bidders so far, with electronic offers to be submitted through the i-Deal Parity system. While Kansas tax-exempt issues are often hard to come by for citizens seeking to reduce their state income tax burden, most of the interest in the refunding deal is expected to come from institutional investors.


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