Alabama District Breaking New Ground With $121M Warrant Sale

Sigo, Shelly
March 2003
Bond Buyer;3/24/2003, Vol. 343 Issue 31599, p3
Trade Publication
Reports that the Mobile County School Board in Alabama will price $121 million of warrants in an auction-rate and swap structure on March 25, 2003. Names of insurer and underwriters of the warrants; Total basis points in interest costs expected to be saved; Advantage of issuing the auction-rate bonds through banking company J.P. Morgan & Co.; Reason behind delay in introduction of the warrants in market; Change in the rating of warrants.


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