TITLE

Washington's Grant County PUD #2 in Market With $128M for Hydropower

AUTHOR(S)
Kelemen, Jasmina
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/12/2005, Vol. 351 Issue 32048, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Washington's Grant County Public Utility District No. 2 has decided to issue about US$128 million of debt for its Wanapum hydroelectric project. The bonds will have a final maturity in 2038. Of the total sum, US$114 million of the bonds are new-money debt and about US$14.3 million are to refund outstanding debt for a savings of about US$500,000, or about 3.4% net present value savings. Citigroup Global Markets Inc. and UBS Financial Services Inc. will co-manage the bond sale.
ACCESSION #
15627809

 

Related Articles

  • FM Letters. Ashton, David; Figlewicz, Raymond E.; Zeller, Thomas L.; Chi-Cheng Hsia; Fuller, Russell J.; Langsen, Arnold L.; Roden, Peyton Foster // FM: The Journal of the Financial Management Association;Winter88, Vol. 17 Issue 4, p9 

    Presents letters to the editor referencing articles and topics discussed in previous issues. Comparison between after-tax lease cash flow and after-tax debt cash flows; Simplified model for estimating the variance of random net present values; Dividend payout policy related to Tobin's q-ratio.

  • Early repayment of debt. Holgate, Peter; King, Hannah; Gaull, Michael // Accountancy;Aug2001, Vol. 128 Issue 1296, p100 

    This article discusses a case in which a company issued debt of £100 million, which attracts interest and is repayable in full after five years. During the year £20 million of the debt was repaid early. The issue is whether the company can treat the early repayment of the £8 million of...

  • Investors, Analysts Warm to a Texas Specialty: MUD Bonds. Williamson, Richard // Bond Buyer;5/25/2004, Vol. 348 Issue 31891, p30 

    Focuses on the rising interest in municipal utility district (MUD) bonds among investors and securities analysts which was demonstrated at the conference on MUD by Standard & Poor's in Dallas, Texas. Role played by MUD in suburban boom in Houston, Texas in the 1970s and 1980s; Greater number of...

  • Nebraska power district hopes to sell $1.1 billion of bonds after LIPA deal. Goldsmith, Steve // Bond Buyer;04/28/98, Vol. 324 Issue 30381, p27 

    Reports on the Nebraska Public Power District's plans for the sale of bonds in summer 1998. Concerns on the possible market disruption arising from the deal; Potential impact of the Long Island Power Authority bond deal; Plans of the district to consolidate two of its bon resolutions.

  • New York City to Issue $950 Million Of GOs for Capital Projects, Refunding. McDonald, Michael // Bond Buyer;11/23/2004, Vol. 350 Issue 32016, p7 

    Reports that New York City plans to sell $950 million of general obligation bonds with a two-day retail order period for capital projects. Net present value savings benchmark that the city sets; New York City Municipal Water Finance Authority's completion of the pricing of the bonds; Performance...

  • Detroit Happy with $83M Go Deal. Carvlin, Elizabeth // Bond Buyer;12/7/2005, Vol. 354 Issue 32273, p1 

    The article focuses on the market response to $84 million insured general obligation bonds sold by Detroit, Michigan. Detroit sold $51.8 million of new-money bonds and $30.8 million of bonds to repay debt issued in 1996, 1999 and 2002. The refunding bonds had maturities from 2006 to 2020, and...

  • Implications of Discount Rates and Financing Assumptions for Bond Refunding Decisions: Comment. Keong Chew, I. // Financial Management (1972);Autumn80, Vol. 9 Issue 3, p69 

    This article comments on the study conducted by researcher Gene Laber on the implications of discount rates and financing assumptions for bond refunding decisions. The comment identifies two errors in Laber's inference of the net present value of refunding from a bond refunding decision rule and...

  • SOUTHWEST INVISIBLE SUPPLY.  // Bond Buyer;1/25/2005, Vol. 351 Issue 32056, p30 

    The article presents a list of invisible supply of Southwest. The states for which data are presented are Arizona, Colorado, Kansas, New Mexico and Texas.

  • THE ROLE OF FEDERAL TAXATION IN THE SUPPLY OF MUNICIPAL BONDS: EVIDENCE FROM MUNICIPAL GOVERNMENTS. Metcalf, Gilbert E. // National Tax Journal;Dec91 Part 1, Vol. 44 Issue 4, p57 

    This paper considers ways in which federal tax policy affects municipal asset and debt holdings. The tax treatment of municipal bonds and income creates an arbitrage opportunity for communities to issue tax-exempt debt and invest in financial assets. I present evidence that suggests the rules in...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics