Thursday, June 7, 2007

Detroit Airport, New Jersey Offerings Trust Lead U.S. Municipal Bond Sales

(Bloomberg) -- Detroit Metropolitan Wayne County
Airport and the New Jersey Environmental Infrastructure Trust
are borrowing a combined $337 million in today's largest
offerings of long-term U.S. municipal bonds.

The Wayne County Airport Authority will sell $178 million
of debt due 2011 through 2037 to fund runway and baggage-
screening improvements at the 10th-busiest U.S. airport by
passenger traffic. The New Jersey trust, which finances local
water and sewer project loans, will offer $159 million of bonds
set to mature through 2022 to refinance debt.


Read more at Bloomberg Bonds News

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