N.J. Issuers To Refund $2.4B of Debt

Cataldo, Adam L.
December 2004
Bond Buyer;12/23/2004, Vol. 350 Issue 32036, p1
Trade Publication
The article focuses on New Jersey and two of the state's authorities which are planning to ring in the New Year with three separate refundings totaling about $2.43 billion. State officials have been aggressively pursuing refunding opportunities in the municipal market in the face of a budget deficit that has been projected at up to $5 billion in fiscal 2006. The state plans to refund about $700 million of general obligation debt while the New Jersey Transportation Trust Fund Authority will sell $1.1 billion of transportation system refunding bonds. The New Jersey Economic Development Authority plans to sell nearly $628.9 million of school facilities construction refunding bonds.


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