TITLE

Mets, Yankees Catch Hot Market, Mostly Beat Insured Curve

AUTHOR(S)
Posner, Matthew
PUB. DATE
August 2006
SOURCE
Bond Buyer;8/18/2006, Vol. 357 Issue 32448, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that New York's Major League Baseball teams Mets and Yankees were able to price nearly $1.5 billion of combined debt largely ahead of the insured triple-A yield curve. The teams tapped the tax-exempt market to help finance new ballparks in Queens and the Bronx. The insured bonds are backed solely by payments in lieu of taxes that the team will each make to the New York City Industrial Development Agency, the conduit issuer.
ACCESSION #
22095699

 

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