TITLE

Rising Rates Make Georgia County Put Off $250M Water, Sewer Deal

AUTHOR(S)
DeSue, Tedra
PUB. DATE
April 2004
SOURCE
Bond Buyer;4/13/2004, Vol. 348 Issue 31861, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that finance officials in Gwinnett County, Georgia have postponed the sale of $250 million in giltedged water and sewer revenue refunding bonds due to rising interest rates in April 2004. Reasons cited for the postponement; Goal of achieving net-present-value savings of at least three percent; Failure of the finance authority to obtain the savings level that the county wanted.
ACCESSION #
12856013

 

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