TITLE

Louisiana Insurer Delays $850M Deal

AUTHOR(S)
DeSue, Tedra
PUB. DATE
January 2006
SOURCE
Bond Buyer;1/30/2006, Vol. 355 Issue 32308, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that city officials decided to delay the pricing for the $850 million special-assessment revenue bond issue that the Louisiana Citizens Property Insurance Corp. was hoping to sell this January 2006. Another issue that officials have to deal with is whether or not citizens can file for bankruptcy. According State Bond Commission director Whitman Kling, he admitted that given the size of the deal and its complexities, officials were being agressive in trying to get it priced.
ACCESSION #
19752206

 

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