Bank of New York's Deal With Kmart May Cost It $15 Million

January 2002
Bond Buyer;1/24/2002, Vol. 339 Issue 31310, p36
Trade Publication
Reports that Bank of New York may incur costs in million as a result of its deal with Kmart Corp. for serving as a credit provider on the sale of a revenue bond. Possibility of finance for the construction of a shopping center in the New York City, New York from the sale; Possible benefits of the shopping center; Support of the bank for the shopping center's construction.


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