Thursday, May 31, 2007

Florida's Orange County, American Airlines Lead U.S. Municipal Borrowers

(Bloomberg) -- Florida's Orange County and AMR
Corp.'s American Airlines are borrowing to refinance debt and
trim their interest costs in today's largest U.S. offerings of
municipal bonds.

Orange County, home to Orlando and its nearby theme parks,
is taking bids from underwriters for $167 million of bonds
backed by a hotel-room tax. Dallas/Fort Worth International
Airport will sell $125 million of high-risk, high-yield bonds
secured by payments from American Airlines in a deal managed by
Morgan Stanley.


Read more at Bloomberg Bonds News

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