TITLE

Bond Yields Rise Five Basis Points; Florida Board of Ed Refunds $407M

AUTHOR(S)
Chesla, Nicholas
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/3/2003, Vol. 344 Issue 31607, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Municipal bond yields rose five basis points and more in spots on April 2, 2003, while issuers brought to market more than $1 billion in new loans, led by a $407 million Florida State Board of Education refunding deal. In the competitive sector of the new-issue market, Merrill Lynch& Co. bought $407 million in Florida State Board of Education public-education capital outlay refunding bonds with a low interest cost of 4.51 percent out of five bids. Municipal bond yields rose five basis points and more in spots while issuers brought to market more than $1 billion in new loans led by a $407 million Florida State Board of Education refunding deal.
ACCESSION #
9541367

 

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