Baltimore's $69.3M Wastewater/Water Deal Will Include Interest Rate Swap

Newman, Emily
May 2003
Bond Buyer;5/23/2003, Vol. 344 Issue 31642, p4
Trade Publication
The negotiated sale includes 20.2 million in revenue bonds for water projects and 49.1 dollar in revenue bonds for wastewater projects, said Stanley Milesky, Baltimore's chief of treasury management. Both series of bonds have a final maturity date of June 30, 2033, and will be swapped after the sale to a fixed rate of 5.0825 percent with Morgan Stanley Capital Services Inc. The swap agreement expires on July 1, 2033, and is guaranteed by Morgan Stanley Dean Witter & Co. The issue would consist entirely of new money, Milesky said, and would be insured by Financial Guaranty Insurance Co. Morgan Stanley serves as underwriter for the water bond sale, with UBS PaineWebber Inc. as underwriter for the wastewater bonds. The agency also affirmed its outstanding A-plus rating on the city's 199.8 million dollar of senior lien water revenue bonds and 185.4 million dollar in senior lien wastewater revenue bonds, as well as the outstanding A rating on approximately 40.8 million dollar of subordinate lien water revenue bonds and 48.3 million dollar in subordinate lien wastewater revenue bonds.


Related Articles

  • Reoffering Yields.  // Bond Buyer;3/21/2001, Vol. 335 Issue 31101, p33 

    Presents bond market statistics on several reoffering yields as of March 21, 2001. Offerings in various parts of the United States.

  • Reoffering Yields.  // Bond Buyer;10/25/2001, Vol. 388 Issue 31251, p38 

    Presents statistics of reoffering yields in the U.S. bond market from March-October 2001. Date of bond issue; Maturity of yield after 25 years; Details of other offerings.

  • Munis Track Volatile Treasuries; Citigroup Prices MassPort Deal. Johnson, Anastasija // Bond Buyer;5/22/2003, Vol. 344 Issue 31641, p2 

    The U.S. municipal bond market had some developments in the volatile governments sector on May 21, 2003, while in the new-issue market Citigroup Global Markets Inc. priced 305 million dollar in Massachusetts Port Authority revenue bonds.In the secondary market, traders reported fairly active...

  • MARKET STATISTICS.  // Bond Buyer;7/24/2003, Vol. 345 Issue 31684, p33 

    Presents market statistics on bond market in the U.S. as of July 24, 2003. Details for yield on short-term tax-exempt bonds; Yields for municipal market general obligations; Prices for the U.S. securities and notes.

  • MONDAY'S YIELDS.  // Bond Buyer;9/29/2009, Vol. 369 Issue 33191, p1 

    The article presents statistics on the U.S. bond yields to par call and yields to maturity as of September 29, 2009.

  • Go green for growth. Nevin, Tom // African Business;Dec97, Issue 227, p30 

    Gives details on a conservation project in KwaZulu-Natal, South Africa. Affordability of rates for visitors; Popularity as a holiday destination; Financing from ecotourism activities and game sales.

  • From sticks to carrots. Flicker, John // Audubon;May/June97, Vol. 99 Issue 3, p6 

    Declares support for programs by the Audubon Society encouraging people to protect habitats on their property. Tendency of environmental laws to focus on the negative side; Support and encourage property owners through monetary compensation or other incentives; Example; Law making it...

  • Executive Director's Update. Hesla, Chris // Out of Doors;Jun2011, Vol. 51 Issue 6, p3 

    The article offers updates to the natural resources conservation projects in the U.S. including the maintenance of the water level in Lake Oahe in Missouri, and the conservation of the grasses at Buffalo Gap National Grasslands in South Dakota.

  • CRP to help conserve sensitive land.  // Graham Leader;6/25/2014, Vol. 138 Issue 90, p6 

    The article focuses on the Conservation Reserve Program started on June 9, 2014 in Graham, Texas that helps in protecting and conserving sensitive land.


Read the Article


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

Try another library?
Sign out of this library

Other Topics