TITLE

Market Turbulence Delays Two Large New York Bond Issues

AUTHOR(S)
Phillips, Ted
PUB. DATE
August 2007
SOURCE
Bond Buyer;8/22/2007, Vol. 361 Issue 32697, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the sales of $320 million of consolidated service contract refunding bonds by the Empire State Development Corp. and the $138 million of consolidated service contract refunding bonds by the Dormitory Authority of the State of New York have been postponed. As a result of delay, the $320 million sale has been reduced to $215 million while the $138 million sale is down to $42 million this August 2007. The reason behind is allegedly market volatility.
ACCESSION #
26383568

 

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