Philly Going Competitive

Cataldo, Adam L.
July 2006
Bond Buyer;7/17/2006, Vol. 357 Issue 32424, p1
Trade Publication
The article reports on Philadelphia's first competitive bond deal on June 17, 2006, where the city is expected to sell nearly $218 million of general obligation debt. Rating analysts are expressing optimism about the city's low investment-grade bond rating. The competitive offering comes in the heels of a scandal involving the former city treasurer. City Council spokesman Tony Radwanski offered the information that the administration of Mayor John Street never asked the council for a formal resolution authorizing a negotiated sale.


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