Direct-Purchase EDA Deals

Cataldo, Adam L.
April 2006
Bond Buyer;4/17/2006, Vol. 356 Issue 32361, p33
Trade Publication
The article reports that the New Jersey Economic Development Authority (EDA) will issue 6.7 million of tax-exempt debt in two separate transactions with the securities to be bought in a direct purchase. In the first transaction, about 5.3 million of debt will be sold to North Fork Bank and the proceeds will be used to purchase machinery and equipment for Superflex, a manufacturing company. The remaining 1.4 million will be sold to Commerce Bank to help YMCA of Camden County.


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