TITLE

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

AUTHOR(S)
DeSue, Tedra
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/7/2003, Vol. 344 Issue 31609, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
9549536

 

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