TITLE

Error by UBS Delays Completion of $800M N.Y.C. GO Deal

AUTHOR(S)
McKaig, Ryan
PUB. DATE
January 2003
SOURCE
Bond Buyer;1/15/2003, Vol. 343 Issue 31553, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the completion of a purchase agreement on 800 million dollars in New York City tax-exempt general obligation bonds was delayed as of January 2003 because of problems with the work done by lead manager of the deal, UBS Paine Webber Inc. Details of the error committed by UBS in the deal; Stage at which the error was discovered; Expected scrutiny of the deal by the city.
ACCESSION #
8972354

 

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