TITLE

Municipals Firm; Issuers Bring More Than $1 Billion to Market

AUTHOR(S)
Chesla, Nicholas; Johnson, Anastasija
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/7/2003, Vol. 344 Issue 31630, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Municipal bonds firmed while issuers brought more than 1 billion dollars of major issues on May 7, 2003, including 364 million dollars of University of California revenue bonds and 265 million dollars of Connecticut general obligation bonds. In the municipal bond market, cash bond yields decreased by one or two basis points. In the competitive sector of the issue market, Citigroup Global Markets Inc. won 364 million dollars of University of California revenue bonds with a low interest cost of 4.58 percent, out of three bids. Finally, William R Hough & Co. won 110 million dollars of Richardson, Texas, Independent School District unlimited tax school building bonds with a low interest cost of 3.62 percent, out of seven bids.
ACCESSION #
9795599

 

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