TITLE

Missouri Refunding $125M of Lease-Backed COPs

AUTHOR(S)
Shields, Yvette
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/16/2005, Vol. 351 Issue 32091, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that Missouri will competitively sell certificates of participation (COP) in a refunding that will strengthen the lease structure behind the debt. Pre-qualification of the transaction for triple-A insurance; Security of the COP by lease payments subject to an annual appropriation of the legislature; Aim of the state to capture interest rate savings.
ACCESSION #
16441804

 

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