TITLE

Munis Firm a Bit as Minnesota Offers $865M

AUTHOR(S)
Scarchilli, Michael
PUB. DATE
August 2010
SOURCE
Bond Buyer;8/4/2010, Vol. 373 Issue 33361, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers analysis on the trends affecting the municipal market bonds in Minnesota. It refers to the sale of 865 million U.S. dollar of debt broken into three pieces in which the 635 million tax-exempt bond issue obligation was sold to RBC Capital Markets Corp. The bonds will yield 0.23% from 2011 up to 2028, with a 3% coupon in 2011, and 4% to priced at par in 2030. Moreover, the proceeds taken from the bonds will be directed to several programs and government project finances.
ACCESSION #
52841092

 

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