TITLE

N.C. County Readies First 'Window' Variable-Rate Debt

AUTHOR(S)
Temple-West, Patrick
PUB. DATE
July 2009
SOURCE
Bond Buyer;7/20/2009, Vol. 369 Issue 33151, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the move of local government of Mecklenburg County, North Carolina in issuing window variable-rate debt, which is a product of Citi, in 2009 in the U.S. It states that a $120 million of window variable-rate general obligation refunding bonds are to be issued by the county. It cites that if the bonds will not be remarketed, it will undergo a windows mandatory tender date. It cites that Citi was given 30 days by the county to remarket the bond.
ACCESSION #
43401631

 

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