TITLE

Northwest Arkansas Airport Launches $42 Million Refunding

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/24/2003, Vol. 344 Issue 31621, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Northwest Arkansas Regional Airport Authority will hold an institutional order period for 41.86 million dollars of refunding revenue bonds on April 2003 that will be used to redeem high-yield unrated debt sold for construction of the four-year old airport located in Highfill, Arkansas.Airport officials in February 2003 received tender offers on 44 million dollars of the original bonds, which were issued before the airport was built and operational. None of the 2004 bonds were tendered, but the airport authority offered investors holding the 2027 coupons a one-time premium above par of 10 percent, while investors holding the 2010 bonds would receive a one-time 7 percent premium. The airport also is rated by one agency, Fitch Ratings Inc., which gave the airport's credit and new bonds a BBB-minus.
ACCESSION #
9676329

 

Related Articles

  • Fitch misselling fear over absolute return. Ellul, Joanne // Money Marketing;7/21/2011, p14 

    The article reports that rating agency Fitch Ratings Ltd. has warned the possible increased risk of misselling due to absolute return funds that may further lead to potential disappointments for less investors in Great Britain.

  • MISSOURI: Lambert POS Updated. Shields, Yvette // Bond Buyer;6/24/2009, Vol. 368 Issue 33137, p9 

    The article reports that Saint Louis, Missouri has updated its preliminary offering statement on an upcoming $230 million revenue bond sale for Lambert-Saint Louis International Airport following the announcement of American Airlines to cut 18 flights daily. In response to the move, Fitch...

  • Report: Operators to Start Looking Into Private Financing. Sanchez, Humberto // Bond Buyer;9/26/2006, Vol. 357 Issue 32474, p6 

    The article discusses the Fitch Ratings report which shows that the airport operators in the U.S. will increasing explore the use of private financing and boosts in passenger facility charges. The report added that the actions of airport operators is for them to pay the for about $70 billion in...

  • Investors Reward Illinois For Pension Overhaul. Shields, Yvette // Bond Buyer;12/5/2013, Vol. 122 Issue 34023, p1 

    The article presents the views of investors and rating agencies on Illinois, Chicago's newly adopted pension restructuring paper. It mentions that the paper had positive impact as Chicago Board of Education and Springfield electric revenue bonds showed improvements. The rating agency Fitch...

  • Market Post: BATA Puts Entice Investors Hunting Short-Term Maturities. Flynn, Hillary; Bonello, Maria // Bond Buyer;7/16/2014, Vol. 1 Issue 34144, p1 

    The article focuses on California Bay Area Toll Authority's 1.4 billion dollars revenue bond deal with investment bank Bank of America Merrill Lynch which offers buyers to place their cash for a short term period. Topics discussed include benefits of the deal for investors in California,...

  • Subprime Autos Face Another Risk: Contagion. Ossa, Felipe // Structuredfinancenews.com;9/16/2014, p5 

    The article discusses an assessment from Fitch Rating regarding the high exposure of investors to risk and volatility in the subprime market sector caused by heavy competition among lending firms.

  • Cincinnati-Ky. Airport Fitch Outlook Stable.  // Bond Buyer;2/20/2002, Vol. 339 Issue 31328, p2 

    Reports that ratings agency Fitch Ratings Inc. changed the rating outlook on Cincinnati/Northern Kentucky International airport in Cincinnati, Ohio as of February 2002. Ratings awarded to the airport; Reasons for the change.

  • Jackson Municipal Airport Authority receives BBB+ rating from Fitch.  // Jackson Advocate;4/16/2015, Vol. 77 Issue 28, p10A 

    The article reports that the Jackson Municipal Airport Authority of Mississippi has received BBB+ rating from statistical rating organization Fitch Ratings Inc.

  • MISSOURI: Prairie State Gets Single-A. Shields, Yvette // Bond Buyer;11/28/2012, Vol. 382 Issue 33820, p7 

    The article informs that Fitch Ratings Inc. has upgraded the rating of the revenue bonds of Missouri Joint Municipal Electric Utility Commission.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics