TITLE

Rhode Island Convention Center Authority Back With $58M Deal

AUTHOR(S)
D'Ambrosio, Gillian
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/24/2003, Vol. 344 Issue 31663, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Rhode Island Convention Center Authority issued an insured, $57.71 million refunding revenue bond deal on June 24, 2003. Credit rating company Fitch Ratings Inc. assigned the Series 2003A bonds AA-minus in its first underlying rating of the authority's debt. The structure of Series 2003A bonds, to be insured by Financial Security Assurance Inc., will be determined by market conditions. It will have maturities ranging from 2016 to 2020. The bonds will be backed by rental payments from the state and revenue from the convention center.
ACCESSION #
10138243

 

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