TITLE

State Selling $51M of GOs

AUTHOR(S)
Whalen, Robert
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/5/2006, Vol. 356 Issue 32395, p39
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports the selling of 51.4 million dollars of taxable and tax-exempt general obligation (GO) debt by the state of Maine. According to the preliminary statement of state officials, the move aims to finance several projects such as schools and transportation needs. UBS Securities LLC along with Bear, Stearns & Co. Inc. will managed the sales. The state has about 487 million outstanding GO debt and 3.5 billion of additional moral obligation debt.
ACCESSION #
21101515

 

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