Tuesday, June 12, 2007

Illinois, Cleveland, Missouri Airport Offerings Lead Municipal Bond Market

(Bloomberg) -- The state of Illinois, the city of
Cleveland and an airport development agency in Branson,
Missouri, are borrowing a total of more than $400 million in
today's largest offerings of long-term U.S. municipal bonds.

Illinois is selling $150 million of debt to fund school
construction and other state capital projects. Cleveland is
raising almost that much to pay for work on its water system.
The Branson Regional Airport Transportation Development District
plans to sell $117 million of high-risk, high-yield bonds to
finance a new privately developed airport near a tourist area
known for its country music and live entertainment.


Read more at Bloomberg Bonds News

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