Agency Sets Quake Sale

Saskal, Rich
April 2006
Bond Buyer;4/7/2006, Vol. 356 Issue 32356, p33
Trade Publication
The article reports on the scheduled for a competitive sale of 65 million dollars for earthquake recovery development project area tax-allocation bonds by the Santa Monica Redevelopment Agency in the U.S. The bonds was sold in two auctions, one is for 50 million dollars in tax-exempt bonds and another for 15 million dollars in taxable debt. Credit rating firms Moody's Investor Service Inc. rates the project to A3 from Baa1 while ratings of Fitch Ratings Inc. is from A to A-plus.


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