TITLE

Long Island Utility Begins Savings Plan

AUTHOR(S)
McDonald, Michael
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/3/2003, Vol. 344 Issue 31607, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The Long Island Power Authority could sell and remarket more than $2 billion in debt, primarily revenue-refunding bonds over the months of May-June, 2003. The effort begins with the sale of the first series of $635 million in uninsured, fixed-rate, senior lien refunding bonds. The municipal electric utility, which serves the two counties of Long Island and a sliver of New York City, plans to sell $112.8 million of Series 2003A uninsured bonds, and the balance of the uninsured senior lien refunding bonds,$522 million of Series B, on April 22.
ACCESSION #
9541363

 

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