D.C. Council Gives Preliminary OK to $210M MSA-Backed Deal

Vadum, Matthew
April 2006
Bond Buyer;4/6/2006, Vol. 356 Issue 32355, p6
Trade Publication
The article reports on the preliminary approval given by the District of Columbia Council to sell 210 million dollars in tax-exempt subordinated zero-coupon bonds supported by tobacco companies' payments under the Master Settlement Agreement. The lead underwriter of the deal is the Citigroup Global Markets Inc. Previously, the district sold 521 million dollars in bonds backed by tobacco payments.


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