TITLE

Mecklenburg County, N.C., Finds Value in More Variable-Rate Debt

AUTHOR(S)
DeSue, Tedra
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/20/2005, Vol. 351 Issue 32053, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the amount of general obligation sold by Mecklenburg County in North Carolina. Factor contributing to the decision of the county to structure its debt as variable rate; Beneficial effect of selling the certificate of participation as variable-rate debt on the county's budget; Sale of the variable-rate debt through a negotiated deal with Wachovia Securities as the underwriter.
ACCESSION #
15764906

 

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