Austin Kicking Off Busy Year With $109M GO Refunding

Albanese, Elizabeth
January 2005
Bond Buyer;1/25/2005, Vol. 351 Issue 32056, p30
Trade Publication
The article reports that Austin, Texas, will go to market tomorrow with a general obligation refunding issue estimated at $109 million--the first debt sale in what is scheduled to be a busy year for the city. Proceeds from the issue, which will provide a present value savings of just over 5.25%, will take out city debt issued in the 1990s. According to Bill Newman, a managing director with PFM, the market looks good as Austin moves closer to pricing its deal. That deal should come in March or April 2005.


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