Regional Connecticut Water Agency Readies $443 Million Revenue Deal

O'Brien, Elizabeth
September 2004
Bond Buyer;9/10/2004, Vol. 349 Issue 31966, p4
Trade Publication
This article reports that the South Central Connecticut Regional Water Authority will issue $44.3 million in water system revenue bonds in a competitive deal that includes $10.97 million that will be used to refund bond anticipation notes issued last week to pay J.P. Morgan Chase & Co. to terminate an $80.3 million swap agreement. Efficiencies between the swap market and the municipal bond market led the authority to prepare to terminate the swap at the same time as it issued new money. The agency had looked to unwind the swap last December, but market conditions proved unfavorable and the transaction was scrapped.


Related Articles

  • Firms Manage With Slim Pickings. Ramage, James // Bond Buyer;5/17/2011, Vol. 376 Issue 33518, p1 

    The article reports on that investments banks are offering non-deal-related underwriting services and credit support to make up for lower underwriting revenues in the U.S. Banks are also looking to add staff to municipal underwriting desks rather than trim them. Moreover, the efforts are the...

  • Munis Firmer as Cal Rans Go to Retail. Scarchilli, Michael // Bond Buyer;9/22/2009, Vol. 369 Issue 33187, p2 

    The article reports that the condition of municipal bond market in California. It indicates that in September 21, 2009, the municipal market was firmer and J.P. Morgan Chase & Co. began pricing on 8.8 billion dollars of revenue anticipation note sale for retail investors. Also mentioned is the...

  • Munis Unchanged in Light to Moderate Activity. SCARCHILLI, MICHAEL // Bond Buyer;5/19/2009, Vol. 368 Issue 33117, p2 

    The article reports on the activities of the tax-exempt market in the U.S. On May 18, 2009, the tax-exempt yields continue to decline by one or two basis points, while the municipal yields remain unchanged. Pennsylvania plans to sell $616.8 million of general obligation (GO) debt in the...

  • Slate of New Deals Pushes Muni Yields Lower. RAMAGE, JAMES // Bond Buyer;10/24/2012, Vol. 382 Issue 33802, p2 

    The article offers information on the status of the U.S. municipal bond market in October 2012. It mentions that the market has brightened and is getting stronger with several new deals and issues. It also informs that among all new deals J.P. Morgan Chase & Co. has won the biggest competitive...

  • Munis Firm a Bit; Cal Rans Still in Retail Run. Scarchilli, Michael // Bond Buyer;9/23/2009, Vol. 369 Issue 33188, p2 

    The article reports on the municipal bond market conditions in which the JPMorgan Chase & Co. continued retail pricing on the 8.8 billion dollars revenue anticipation note sale of California. It notes that JPMorgan continued the retail pricing on the state's 8.8 billion Ran deal for the second...

  • Munis Stay Pretty Firm as Yields Dip a Bit. Scarchilli, Michael // Bond Buyer;12/3/2009, Vol. 370 Issue 33227, p2 

    The article reports on the market performance of municipal bonds in the U.S. bond market in 2009. It highlights the recorded slight firmer condition of munis, despite the one or two basis points decline of tax-exempt yields. Specifically, among the munis performer include the Virginia College...

  • Munis Slightly Firmer in Quiet Session. Scarchilli, Michael // Bond Buyer;6/18/2009, Vol. 368 Issue 33134, p2 

    The article reports on the maturity of the municipal bonds in the U.S. It says that bonds mature mostly in 2027, with a 2012 maturity worth of $5 million. It also says that bonds maturing in 2027 were priced to yield 325 basis points compared to the U.S. Treasury yield. Meanwhile, JP Morgan...

  • Volume Rises Slightly. RAMAGE, JAMES // Bond Buyer;11/6/2012, Vol. 382 Issue 33809, p1 

    The article informs that the volume of municipal bond in the U.S. bond market has slightly increased up in October 2012. It informs that three percent of bond issuance has risen up for 1,051 issues of 33.8 billion U.S. dollars in October 2012. According to the managing director and municipal...

  • Market Close: Maryland GO Bumps MMD Less Than Expected. Smith, Kate; Flynn, Hillary // Bond Buyer;7/24/2014, Vol. 1 Issue 34149, p1 

    The article discusses issues regarding an increase in the sale of general obligation bonds of the state of Maryland in July 2014 and mentions that the increase was not up to the expectation of Municipal Market Data (MMD). Topics discussed include auction of 449.62 million U.S. dollars of bonds...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics