N.J. Agency Selling $450 Million To Shore Up Insurance Pool Debt

Braun, Martin Z.
November 2001
Bond Buyer;11/14/2001, Vol. 338 Issue 31265, p29
Trade Publication
Reports on the multimillion sale in revenue bonds by the New Jersey's Economic Development Authority to meet its insurance pool debt. Facility to buy the car insurance through the pools; Enhancement in the bonds with insurance from MBIA Insurance Corp.; Finance of the some amount of deficit by the auto insurance industry; Possibility to save some amount by the refunding of the 2005-2011 maturities.


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