TITLE

N.Y.C. and Maryland DOT Lead Skimpy Holiday-Week Slate

AUTHOR(S)
Albano, Christine
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/27/2003, Vol. 344 Issue 31643, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that two municipal bond issues taking place in May 2003 hail from New York City and Maryland. The New York City offering includes a combined $850 million general obligation offering, with $650 million of tax-exempt new money being priced by Morgan Stanley & Co. on May 29, 2003 following a retail order period on May 28, 2003, while $200 million in taxable bonds will be priced in the competitive market, also on May 29, 2003. The Maryland Department of Transportation will sell $195 million of revenue debt on May 28, 2003 in the competitive market. With existing and future deals being upsized to include hefty refunding bonds along with new-money debt, individual investors who are living on the fixed income from their municipal bonds are seeing an expected and unusually large volume of higher coupon bonds called away.
ACCESSION #
9957322

 

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