Wednesday, June 6, 2007

Texas Transport, California Municipalities Lead U.S. Tax-Exempt Borrowers

(Bloomberg) -- Texas is selling $1.06 billion of 30-
year general obligation bonds to finance highway projects aimed
at easing mobility around congested areas of the state, in the
largest U.S. municipal debt offering this week.

Los Angeles County will be among more than two dozen local
governments in California that will borrow $1.3 billion today by
selling notes due within a year to raise cash to spend before
tax revenue arrives.


Read more at Bloomberg Bonds News

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