A Productive May: Maryland Trio Readies Plans to Sell Nearly $600 Million

Newman, Emily
May 2003
Bond Buyer;5/12/2003, Vol. 344 Issue 31633, p6
Trade Publication
Baltimore plans to sell $194 million tomorrow, a mixture of new-money and both current-and advance-refunding bonds, along with auction-rate and variable-rate bonds.The sale, via negotiation with Legg Mason Wood Walker Inc., involves $106.3 million in consolidated public-improvement refunding bonds, Series 2003A, and $47.4 million in new-money CPI bonds, Series 2003B.The Series 2003A and B bonds are auction-rate, tax-exempt bonds, while the Series C and D bonds are variable-rate taxable bonds.The $195 million in new-money bonds will be devoted to transit and highway construction, said the MDOT's Office of Finance deputy director, Roman Novak.


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