D.C. May Sell $210M in Tobacco Bonds to Fund Medical Center

Vadum, Matthew
March 2006
Bond Buyer;3/23/2006, Vol. 355 Issue 32345, p31
Trade Publication
The article reports that the District of Columbia is considering issuing $210 million in tax-exempt subordinated zero-coupon bonds backed by tobacco companies' payments under the Master Settlement Agreement. It aims to help finance the construction of the proposed National Capital Medical Center. The issuance proposal was only briefly cited in the summary of the district's proposed budget for fiscal 2007.


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