Pennsylvania Issuers Bringing $480 Million to Market

Albano, Christine
January 2005
Bond Buyer;1/24/2005, Vol. 351 Issue 32055, p6
Trade Publication
This article presents information related to local bonds issued by organisations and institutes in Pennsylvania. Pennsylvania can expect a light flurry of new supply this week when two in-state issuers sell a combined $480 million of bonds as the storm of issuance in the Northeast continues. The university health system deal, issued by the Pennsylvania Higher Educational Facilities Authority, will be priced by Merrill, Lynch & Co. on Wednesday, and divided into two tranches. One tranche will be comprised of approximately $275 million of bonds to refund the issuer's 1996A series. The remaining $86 million tranche bonds is new money.


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