TITLE

N.Y.C. Moves Up $550M Issue To Cover Capital Programs Costs

AUTHOR(S)
McDonald, Michael
PUB. DATE
March 2003
SOURCE
Bond Buyer;3/27/2003, Vol. 343 Issue 31802, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
New York City is planning tosell 550 million dollars of bonds to reimburse expenditures made for capital programs through the city's general fund, which could come under increased pressure if the state government cuts local aid as expected. The tax secured bonds are being sold through the New York City Transitional Finance Authority to individual investors in a planned two-day retail order period Monday and Tuesday and to institutions Wednesday. The city sold multi-million dollar general obligation bonds in February 2003, in a deal that was lengthened by one day as a result of a new predatory lending law that could have precluded using some of the underwriting team.
ACCESSION #
9440120

 

Related Articles

  • Texas Voters Face More Than $7.4B of General Obligation Bond Questions. Albanese, Elizabeth // Bond Buyer;10/18/2006, Vol. 358 Issue 32489, p6 

    The article provide updates on the election for the $7.4 billion of general obligation bonds of Texas. Voters will weigh on November 7, 2006 for bond questions posed by cities, counties and school districts. At the same time, bond issuers asked voters to approve nearly $5 billion of bonds....

  • Triple-A Abundance. DeSue, Tedra // Bond Buyer;9/7/2006, Vol. 357 Issue 32461, p1 

    The article reports that the state of Georgia plans to competitively sell its $575 million of general obligation (GO) bonds this September 2006. According to the author, such move can attract firm interest from banks and investors in general given the present inadequate supply from the triple-A...

  • Results of Competitive Sales.  // Bond Buyer;4/5/2005, Vol. 352 Issue 32104, p25 

    Presents charts depicting the results of competitive sales by the issuers in the U.S. as of April 5, 2005.

  • SOUTHWEST INVISIBLE SUPPLY.  // Bond Buyer;4/5/2005, Vol. 352 Issue 32104, p26 

    Presents a chart depicting the bond issuance of the issuers in the U.S. as of April 5, 2005.

  • Miami-Dade Warning Investors Of Defaulting Health Care Bonds. Sigo, Shelly // Bond Buyer;4/14/2005, Vol. 352 Issue 32111, p1 

    Reports that Miami-Dade County, Florida is issuing a notice to investors describing what it considers a default on outstanding bonds the county has issued on behalf of the financially troubled Public Health Trust. Role of the trust as governing board for Jackson Memorial Hospital and other...

  • Tennessee Issuer Speaks Plainly and Offers $300M of GOs. DeSue, Tedra // Bond Buyer;4/14/2005, Vol. 352 Issue 32111, p30 

    Reports that the Metropolitan Government of Nashville and Davidson County in Tennessee is preparing to competitively sell about $300 million of general obligation bonds on April 19, 2005. Officials' effort to improve investor relations by making sure information about the consolidated...

  • Results of Negotiated Sales.  // Bond Buyer;4/5/2005, Vol. 352 Issue 32104, p14 

    Presents charts depicting the results of negotiated sales of the issuers in the U.S. as of April 5, 2005.

  • Bankrupt JeffCo's Restructuring Plan Is Novel: Moody's. Sigo, Shelly // Bond Buyer;10/22/2013, Vol. 122 Issue 33999, p1 

    The article focuses on the research of Moody's Investors Service Inc., which highlights that the restructuring plan proposed by bankrupt Jefferson County, Alabama, is unique in public finance. It further mentions that the proposal anticipates in issuing new bonds to redeem defaulted ones at a...

  • Munis Likely to Trump T-Bills. Johnson, Anastasija // Financial Planning;Mar2006, Vol. 36 Issue 3, p24 

    Discusses issues concerning ten-year municipal bonds in the U.S. Information on how investors uses the 10-year municipal/Treasury yield ratio; Performance of triple-A rated general obligation bonds as of January 25, 2006; Reason the federal government funding needs are expected to increase.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics