N.Y. ESDC Bothered by the Waiting Over Long-Planned $425M Deal

O'Brien, Elizabeth
March 2006
Bond Buyer;3/13/2006, Vol. 355 Issue 32337, p3
Trade Publication
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 corporate-purpose bonds from 1996. ESDC chief financial officer Frances Walton claims that the PACB has not rejected the deal; it has postponed voting on it.


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