TITLE

Puerto Rico Charges Ahead

AUTHOR(S)
Piazza, Johanna
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/7/2003, Vol. 344 Issue 31609, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The Puerto Rico Highways and Transportation Authority will issue 1.57 billion dollars in triple tax-exempt debt in the second week of April 2003. The authority will hold a combined retail and institutional pricing for 930 million dollars of refunding bonds and 640 million dollars of new-money debt on April 8 as part of a 2.2 billion dollar capital improvement plan. In January 2003, finance officials had said they expected Puerto Rico and its agencies would sell approximately 2.3 billion dollars of bonds during the year, after issuers there sold 5.9 billion dollars in tax-exempt bonds in 2002, taking advantage of refunding opportunities and issuing tobacco securitization.
ACCESSION #
9549520

 

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