Triple-A Durham County, N.C., to Sell $61M of GOs in First Deal Since 2004

DeSue, Tedra
May 2006
Bond Buyer;5/26/2006, Vol. 356 Issue 32390, p3
Trade Publication
The article reports on the introduction of a near $61 million general obligation deal by Durham County, North Carolina, to the bond market on Wednesday. The deal being the first one from the triple-A rated credit since 2004, will comprise about $12.2 million of Series 2006A bonds and $49.2 million of Series 2006B bonds, with Robinson, Bradshaw & Hinson PA acting as bond counsel. Both series have maturities from 2007 through 2023. Furthermore, Moody's Investors Service and Standard & Poor's have an outstanding rating of triple-A for the county. Previously, both agencies had re-viewed the county's bond plans and discovered that they were moderate and manageable.


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