TITLE

Mississippi Development Bank Selling $51 M for Bridge Loans

AUTHOR(S)
Sigo, Shelly
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/20/2006, Vol. 355 Issue 32342, p40
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Mississippi Development Bank is selling variable-rate special moral obligation bonds worth $51 million. The bonds will use to repay emergency relief bridge loans to cities, counties and other local government entities when Hurricane Katrina hit the state. The bonds have 20-year maturities and the interest rate will be reset weekly.
ACCESSION #
20255886

 

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