TITLE

Empire State Development Corp. Trims Upcoming Deal to $322M

AUTHOR(S)
O'Brien, Elizabeth
PUB. DATE
May 2005
SOURCE
Bond Buyer;5/10/2005, Vol. 352 Issue 32129, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Empire State Development Corp. plans to proceed with a sizable refunding despite weakening in the municipal market after stronger-than-expected employment numbers prompted a sell-off in Treasuries. It informs that officials bad planned to sell $330 million of fixed-rate service contract revenue refunding bonds, but the amount will likely go down to about $322 million, said ESDC chief financial officer Frances Walton. The market had been so volatile of late, Walton said.
ACCESSION #
17002879

 

Related Articles

  • N.Y. Development Corp. gets new CFO. Roy, Elizabeth // Bond Buyer;09/24/97, Vol. 321 Issue 30237, p40 

    Reports on the appointment of Frances A. Walton as chief financial officer of the Empire State Development Corp. (ESDC), succeeding Joseph A. Branca. Career history; Recommendation for appointment to the ESDC board.

  • ESDC Board Approves $320M of Bonds in N.Y.'S First Consolidated Refunding. Phillips, Ted // Bond Buyer;6/22/2007, Vol. 360 Issue 32656, p4 

    The article reports on the approval given by the board of the Empire State Development Corp. (ESDC) on the plan to sell $320 million worth of bonds in New York's first consolidated refunding on August 2007. ESDC delegated only $150 million of refunding. The refunding which was approved included...

  • New York's ESDC Plans to Restructure, Refund $1.51B of Variable-Rate Debt. Phillips, Ted // Bond Buyer;4/16/2008, Vol. 364 Issue 32858, p3 

    The article reports on the plan of Empire State Development Corp. (ESDC) to restructure or refund up to $1.5 billion of New York-backed variable-rate debt. The ESDC expects to refund $1.17 billion of auction-rate securities to finance correctional facilities projects and $335 million of...

  • Tangible Results are the Payoff for Challenging Work. WALTON, FRANCES // Bond Buyer;12/5/2012, Vol. 382 Issue 33824, Following pA12 

    An interview with the chief financial and administrative officer Frances Walton in Empire State Development Corp. is presented. When asked about the biggest challenge in building her career, she refers that working in a man's world was the biggest challenge as in many ways public finance is...

  • Market Close: A Smorgasbord of Sales; Muni Yields Rise. Barnett, Chip // Bondbuyer.com;12/2/2014, p35 

    The article discusses the pricing of several big deals on December 2, 2014 signaling the start of the end for muni bond issuance in 2014. Topics mentioned include the Empire State Development Corp.'s sale of 1.3 billion-dollar bonds in three separate series under the primary market, updates on...

  • N. Y. ESDC Offers $2B Refunding. McKaig, Ryan // Bond Buyer;11/20/2002, Vol. 342 Issue 31517, p1 

    Reports on New York-based real estate development company Empire State Development Corp.'s offer of 2 billion dollars worth of refunding bonds as of November 20, 2002. Details of the bond deal; Underlying ratings of the bonds awarded by ratings company Standard & Poor's Corp.; Companies that...

  • $155M Penn Station Deal Derailed for Now. McKaig, Ryan // Bond Buyer;10/15/2001, Vol. 338 Issue 31243, p48 

    Reports the delayed sale of bonds by Empire State Development Project to help fund Farley-Penn Station Redevelopment Project.

  • N.Y. ESDC Bothered by the Waiting Over Long-Planned $425M Deal. O'Brien, Elizabeth // Bond Buyer;3/13/2006, Vol. 355 Issue 32337, p3 

    The article reports that the corporate-purpose bond sale of the Empire State Development Corp. (ESDC) has repeatedly failed to get the approval from New York's Public Authorities Control Board (PACB). The worth of the deal is approximately $425 million which will be used to refund outstanding...

  • New York's ESDC to Hear Jets Stadium Plan in Special Meeting. McDonald, Michael // Bond Buyer;11/4/2004, Vol. 350 Issue 32004, p3 

    Reports on Empire State Development Corp.'s board meeting to discuss general project plan for the construction of a football stadium for the New York Jets in Manhattan. Plans to form a corporation to sell bonds to fund the proposed stadium; Importance of the stadium to New York City's bid for...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics