LIPA's $950M Deal Shines in Thin Week

Albano, Christine
March 2006
Bond Buyer;3/6/2006, Vol. 355 Issue 32332, p1
Trade Publication
The article reports that the Long Island Power Authority's (LIPA) $950 million electric system revenue bond offering will impact primary market, where the first quarter continues to be low on supply and heavy on demand in New York. Investors should take advantage of the arrival of LIPA's bond, especially since the power company has been a rare issuer and the market has been recycling the same credits over and over again in the secondary market. LIPA's outstanding bonds are rated A3 by Moody's Investors Service Inc. and A-minus by both Standard & Poor's Corp. and Fitch Ratings Inc.


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