TITLE

Citizens' $3B Taxable Sale

AUTHOR(S)
Sigo, Shelly
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/22/2006, Vol. 356 Issue 32408, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on Florida's Citizens Property Insurance Corp.'s sale of the state's $3.05 billion of taxable auction-rate bonds. According to the article, proceeds of the Series 2006A bonds will be used to provide liquidity should the company need to pay for losses caused by hurricanes, tornadoes, windstorms and hail in coastal areas. It explains the structure of the bond deal.
ACCESSION #
21349907

 

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