TITLE

MAC Deal Revamped Due to Feud

AUTHOR(S)
Braun, Martin Z.
PUB. DATE
August 2003
SOURCE
Bond Buyer;8/12/2003, Vol. 345 Issue 31697, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that New York City has restructured a controversial refinancing deal for the city's Municipal Assistance Corp.'s (MAC) debt, in order to remove investors' concern about a legal battle between Mayor Michael Bloomberg and Governor George Pataki as of August 12, 2003. Strategies chalked out to revamp the Municipal Assistance Corp. (MAC); Variety of MAC bonds that were floated in the market; Differences of opinion between Bloomberg and Pataki over MAC debt issues.
ACCESSION #
10556331

 

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