Charlotte, N.C., to Sell $43 Million of GO Refunding Bonds

DeSue, Tedra
April 2003
Bond Buyer;4/7/2003, Vol. 344 Issue 31609, p34
Trade Publication
The article reports that Charlotte, North Carolina, will sell 43 million dollars of general obligation refunding bonds, marking the naturally triple- A rated city's second foray into the market in 2003.The Series 2003B bonds will be sold competitively, with First Southwest Company as the financial adviser and Parker, Poe, Adams & Bernstein as bond counsel.Charlotte's rapid pay-off of its debt and its healthy tax-base growth are contributing factors to its maintaining a gilt-edged rating through troublesome economic times.Charlotte has the statutory capacity to issue an additional 2.9 billion dollars of debt, according to the official statement for the bond sale.


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