TITLE

Municipals Firm; Missouri Board Of Public Buildings Sells $387M

AUTHOR(S)
Chesla, Nicholas
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/11/2003, Vol. 344 Issue 31613, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The Missouri Board of Public Buildings sold 387 million dollar of special obligation bonds in the new-issue market on April 10, 2003. Government securities declined while there was a rise in equities. The labor market was stabilizing even it remained weak. The U.S. Federal Reserve Board was likely to cut interest rates. In the competitive sector of the new-issue market, J.P. Morgan Co. won 387 million dollar of special obligation bonds from Missouri Board of Public Buildings with a low interest cost of 4.406 percent. Lehman Brothers Inc. had the next lowest interest cost of 4.409 percent. The sale is rated Aa1 by Moody's Investors Service, AA-plus by Standard & Poor's, and AA by Fitch Ratings Inc.
ACCESSION #
9611067

 

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