Friday, July 27, 2007

New York Boosts Bond Sale Amid Demand, Leading Week's Municipal Borrowings

(Bloomberg) -- New York City, Minnesota and San
Antonio's North East Independent School District led U.S. state
and local government borrowers that raised $8 billion in the
bond market this week.

The most populous U.S. city sold $931 million of fixed-rate
bonds to pay off existing higher-interest debt. Minnesota
borrowed $670 million to finance new college classrooms and
prisons as well as pollution control and highway projects with
the state's largest debt sale. The Texas district sold $498
million to acquire land, construct schools and buy buses.


Read more at Bloomberg Bonds News

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