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

D'Ambrosio, Jill; DeSue, Tedra
September 2004
Bond Buyer;9/10/2004, Vol. 349 Issue 31966, p1
Trade Publication
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.


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