Wednesday, July 25, 2007

New York City Boosts Bond Sale a Second Time to $919 Million Amid Demand

(Bloomberg) -- New York City expanded its bond
offering a second time to meet demand for tax-exempt debt with
the highest credit ratings in the city's history.

The most populous U.S. city today offered securities due
from 2021 through 2026, boosting its fixed-rate sale by 8
percent to $919 million. Bonds set to mature in 19 years were
priced to yield 4.51 percent, 0.09 percentage point more than
the Municipal Market Advisors index of top-rated bonds.


Read more at Bloomberg Bonds News

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