Margate Issuing $17M

Scarchilli, Michael
May 2006
Bond Buyer;5/22/2006, Vol. 356 Issue 32386, p35
Trade Publication
The article reports that Margate, New Jersey will sell 17.1 million dollars of general obligation bonds where the proceeds will be used to fund various capital improvements. The debt will have its bidding through the Grant Streets MuniAuction electronic bidding system. The bonds have the maturity of 16 years from date of sale which is from 2007 to 2023 and are callable at par on or after June 1, 2016. Margate has about 35 million dollars of outstanding municipal bond debt to rebate.


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