More Than $2.5B in New Issues Sell; Pennsylvania and Atlanta Deals Lead

Johnson, Anastasija
September 2004
Bond Buyer;9/15/2004, Vol. 349 Issue 31969, p2
Trade Publication
The article focuses on the municipal bonds. Municipal bonds were bid selectively better yesterday as more than $2.5 billion in sizeable new issues came to market, including an $805 million Pennsylvania general obligation offering and an $849 million Atlanta water and sewer revenue deal. Citigroup Global Markets Inc. won the Pennsylvania deal and reoffered serials at yields ranging from 3.13 percent in 2011 to 4.08 percent in 2019. Short-term serials due in 2005 to 2010 and a 2017 maturity were sold and not formally reoffered. Bonds with 5 percent coupons were mainly reoffered five basis points over Municipal Market Data's Monday's triple-A yield curve scale.


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