Rates Prompt Two New England Issuers to Refund

O'Brien, Elizabeth
September 2004
Bond Buyer;9/7/2004, Vol. 349 Issue 31963, p4
Trade Publication
In another refunding deal prompted by last month's market rally, the Maine Municipal Bond Bank plans to sell $54.5 million of Series C refunding bonds tomorrow. A weaker-than-expected jobs report released in early August kicked off a flurry of refunding activity. Nationwide, refunding volume increased 8.7% in August compared to the same month last year. Some issuers dusted off deals they had postponed from the spring due to rising interest rates, while others, like the Maine bond bank, put together new deals.


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