Pennsylvania CCRC's $119 Million Offering Sees Solid Demand

Albano, Christine
January 2005
Bond Buyer;1/28/2005, Vol. 351 Issue 32059, p6
Trade Publication
The article reports on the demand for $119 million in nonrated bonds sold by Pennsylvania's Montgomery County Industrial Development Corp., for a start-up continuing care retirement community. The article further emphasizes that the deal was oversubscribed four times, allowing senior manager J. P. Morgan Securities Inc., to lower the yields on its final 2035 maturity from 6.5% to 6.38%, which left the bonds just 189 basis points higher than the 4.49% yield on Municipal Market Data's triple-A, 30-year general obligation scale.


Related Articles

  • $425 Million Issue. Murphy, Gavin // Bond Buyer;8/15/2003, Vol. 345 Issue 31700, p31 

    Focuses on plans of Hawaii to sell general obligation bonds on August 21, 2003. Ratings of the bonds; Factors underlying the bonds ratings.

  • Rating Changes. Kreps, Matthew // Bond Buyer;01/12/2001, Vol. 335 Issue 31056, p29 

    Presents a chart depicting changes in bond ratings in the United States as of January 12, 2001. Issuer; Amount; Rating change; Name; Comments.

  • State and Local Government Series Rates.  // Bond Buyer;12/28/2001, Vol. 338 Issue 31293, p39 

    Presents information on the U.S. bond market statistics related to state and local government series rates of bonds as of December 28, 2001.

  • Market Indicators .  // Bond Buyer;2/5/2002, Vol. 339 Issue 31318, p33 

    Presents a chart providing information on the statistics of the U.S. bond market regarding market indicators as of February 5, 2002. Municipal Bond Index ratings; New-issue sales; Long-term Bond sales.

  • Negotiated Bond Offerings.  // Bond Buyer;2/7/2002, Vol. 339 Issue 31320, p10 

    Cites a tabular representation of information related to negotiated bond offerings as of February 7, 2002. Financial advisors of bonds offered; Tentative dates for negotiated sales; Ratings of bonds offered.

  • Municipal Market Data General Obligation Yields.  // Bond Buyer;2/21/2002, Vol. 339 Issue 31329, p34 

    Presents information on the statistics of the U.S. bond market regarding Municipal Market Data general obligation yields as of February 21, 2002. Several rating categories.

  • NORTHEAST: Top 10 Rankings.  // Bond Buyer;2/25/2002, Vol. 339 Issue 31331, p36 

    Presents information related to the top 10 rankings in the U.S. bond markets as of February 25, 2002. Volume for the firm UBS PaineWebber Inc.; State bagging the highest rank; Financial advisors in the list.

  • Munis Gain Amid Low Supply As Treasuries Rise on Threats, ISM. Chesla, Nicholas // Bond Buyer;8/3/2004, Vol. 349 Issue 31939, p2 

    Reports on the trading activity in the bond market in the U.S. Uncertainty in the market as a consequence of terrorism concerns; Performance of the municipal bonds; Rating for the New York City general obligation bonds.

  • Dancing To The Latin Beat...Again.  // Emerging Markets Monitor;10/20/2003, Vol. 9 Issue 27, p1 

    Discusses the Global Bond Sentiment Index as of October 20, 2003 issued by the Business Monitor Index. Comparison of the bond sentimental index in Latin America and Asia and other regions; Factors affecting the bond sentimental index; Information on the increase in the bond rating of Thailand.


Read the Article


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

Try another library?
Sign out of this library

Other Topics