Tuesday, June 5, 2007

Florida, Texas, New York Bond Offerings Lead U.S. Municipal Borrowings

(Bloomberg) -- Florida's Orlando-Orange County
Expressway Authority, Texas's Harris County and New York City's
Transitional Finance Authority will borrow a combined $1.2
billion in today's largest U.S. municipal debt offerings.

The Orlando agency is selling $428 million of 35-year bonds
backed by toll-road revenue through Citigroup Inc. Harris
County, home of Houston, is auctioning $395 million of eight-
month notes. The New York authority is offering $370 million of
20-year debt in a deal managed by Samuel A. Ramirez & Co.


Read more at Bloomberg Bonds News

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