TITLE

Two More States Join Refunding Parade With $1.2 Billion of GOs

AUTHOR(S)
D'Ambrosio, Jill; DeSue, Tedra
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/10/2004, Vol. 349 Issue 31966, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that two states have recently announced plans to refund a combined $1.2 billion of outstanding general obligation (GO) debt next week, continuing a recent trend launched by last month's bond market rally. On Tuesday, Pennsylvania will join the ranks of issuers nationwide who have recently revived or crafted new refunding deals when it competitively prices $805 million in fixed rate GO bonds. On Wednesday, North Carolina will offer about $702 million in GO debt, with a roughly $403 million refunding component that was added only within the last week.
ACCESSION #
14387248

 

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