Myrtle Beach, S.C., Sells $48M To Buy Up Troubled Hotel Debt

DeSue, Tedra
May 2004
Bond Buyer;5/19/2004, Vol. 347 Issue 31887, p3
Trade Publication
Reports on the revenue bond deal of Myrtle Beach, South Carolina that will allow it to buy up debt in danger of default that was sold in 2001 to build a convention center hotel. Value of the revenue bond deal; True interest cost of the Series 2004A bonds; Remarks from Elizabeth James, spokeswoman for MBIA Insurance Corp., regarding the matter.


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