PG&E to Convert $200M From Variable to Fixed-Rate Debt Today

Finestone, Deborah
February 2001
Bond Buyer;02/27/2001, Vol. 335 Issue 31085, p3
Trade Publication
Focuses on California-based Pacific Gas & Electric Co.'s plan to convert millions of dollars in revenue bonds from variable- to fixed-rate debt. Goal of minimizing exposure to variable rates; Reason why MBIA Insurance Corp. consented to the mode change; Major rating agencies' decision to downgrade credit ratings on all of the utility's bonds.


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