IDBs Fall; Housing Booms

Duff, Susanna
June 2003
Bond Buyer;6/2/2003, Vol. 344 Issue 31647, p1
Trade Publication
This article reports that low interest rates and a weakened economy prompted the issuance of about 50% more in both student loan and multifamily housing bonds in the U.S. in 2002, while the issuance of small-issue industrial development bonds was cut by almost 50% in the face of a continuing burdensome statutory cap. Those divergent moves came as the total amount of bond allocations carried over by states to 2003 from 2002 rose by 75% and the amount of cap carried forward from previous years that was abandoned by U.S. states nearly doubled.


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