Colorado May Issue $260 Million of Tobacco Bonds, After All

Albanese, Elizabeth
April 2003
Bond Buyer;4/23/2003, Vol. 344 Issue 31620, p6
Trade Publication
Colorado financial officials are planning to issue tobacco bonds to bridge state funding gaps, saying that after talking to investment bankers, they believe the market would be willing to purchase such debt. Lawmakers withdrew their plans to issue 260 million dollar of tobacco bonds to bridge budget gaps caused by a slowdown of the state economy. If that legislation is approved, officials could sell state facilities to investors and then lease them back, providing the buyers with guaranteed rent and interest payments.


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