N.Y.'s Big GO Deal

Whalen, Robert
February 2005
Bond Buyer;2/28/2005, Vol. 351 Issue 32079, p1
Trade Publication
This article reports that New York will competitively sell about $555 million of general obligation (GO) debt, only weeks after Comptroller Alan G. Hevesi said in a report critical of the state's borrowing practices that New York has misused its credit. State officials have packaged the bonds in three series, including one small taxable component. The state is offering $170 million of Series 2005A GO debt; $378 miliion of Series 2005C GO refunding debt; and $7.1 million of taxable Series 2005B debt. The bonds, are expected to price without insurance.


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