The Bond Buyer articles from April 2004

The Bond Buyer archives from April 2004

The Digest.
April 1, 2004... The municipal bond market improved yesterday, supported by higher Treasuries and good reception of over $1.5 billion in major new issues, including $415 million of Colorado Department of Transportation revenue anticipation notes and $357...

Haines: Issuers Must Disclose if IRS Warns Funds of Taxability.
April 1, 2004... Once the Internal Revenue Service warns mutual funds that some of the tax-exempt bonds the funds hold are taxable because of tax law violations, the issuers of the bonds must disclose the IRS' adverse determination letter to the market so that...

March Sees Large Spike In Issuance: Total of $38 Billion Came to Market.
April 1, 2004... Issuance in the long-term municipal bond market picked up in March after slow issuance levels in the earlier months of the year. The pickup is expected to gain ground rapidly as states, local governments, municipalities, and other issuers get...

Airports to Strike Back: LAX and JFK Will Appeal United Lease Ruling.
April 1, 2004... Several attorneys who represent bond trustees and two of three airports where United Airlines has facilities paid for with $240 million in special facilities revenue bonds said yesterday that they intend to appeal a judge's decision that does...

News In Brief: Factory Orders, Inventories Rise.
April 1, 2004... Factory orders for manufactured goods, excluding semiconductors, rose 0.3% in February, increasing $1.1 billion to $343.0 billion, statistics released by the Commerce Department yesterday showed. The 0.3% climb in new orders followed a...

News In Brief: Chicago PMI Slips, Still Shows Expansion.
April 1, 2004... The Chicago Purchasing Manager's Business Barometer dipped to 57.6 in March from 63.6 in February, the 10th straight month of expansion, the Purchasing Management Association of Chicago said yesterday. The data is compiled on a seasonally...

News In Brief: NAPM-NY BCI Gains To 271.8 in March.
April 1, 2004... The New York Business Conditions Index in the National Association of Purchasing Management-New York's Report on Business posted a monthly gain in March, the seventh straight monthly rise in the index. The BCI grew to 271.8 in March from...

Wednesday's Market: Munis Improve Along With Treasuries As Over $1.5B of New Deals Sell Well.
April 1, 2004... The municipal bond market improved yesterday, supported by higher Treasuries and good reception of over $1.5 billion in major new issues, including $415 million of Colorado Department of Transportation revenue anticipation notes and $357...

D.C. Mayor's Bond-Tax Plan Faces Tough Odds in Council.
April 1, 2004... District of Columbia Mayor Anthony Williams' proposal to tax interest earned on out-of-district tax-exempt bonds appears to face strong opposition on the District Council, which is going to begin examining the tax measure in coming weeks. ...

Colorado Treasurer Floats 2nd Tobacco Bond Plan.
April 1, 2004... Colorado Treasurer Mike Coffman is working to drum up legislative support for a plan to use proceeds from a tobacco securitization to provide cash for some projects and pay off existing certificates of participation. Under Coffman's...

N.Y.'s Silver Rejects Tax Hike to Satisfy Education Mandate.
April 1, 2004... New York Assembly Speaker Sheldon Silver said yesterday that overhauling the state's education finance system must come as part of a budget deal, but he rejected increasing the sales tax to pay a high court mandate to ensure that students get a...

Transportation: Private-Activity Proposal Won't Be Debated by House.
April 1, 2004... In a surprise move, a proposed tax law change that would allow private companies to use up to $15 billion of tax-exempt private-activity bonds to finance the construction of highway and intermodal freight projects will not be included in...

Lifetime Savings Accounts: Thomas-Johnson Bill for Single PlanCould Hurt Munis Over the Long Term.
April 1, 2004... Sen. Craig Thomas, R-Wyo., and Rep. Sam Johnson, R-Tex., introduced legislation yesterday to streamline individual savings accounts into a single plan that would have little initial effect on the municipal bond market, but could harm it in the...

Competitive Bond Offerings.
April 1, 2004... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com ISSUER ST DESCRIPTION AMOUNT ($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING...

Competitive Note Offerings.
April 1, 2004... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Thursday, April 1 Spencer Reg SD...

Negotiated Bond Offerings.
April 1, 2004... Tentative dates for negotiated sales of $5 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of March 29 Arizona BOR AZ...

Negotiated Note Offerings.
April 1, 2004... ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Thursday, April 1 Lake County OH Bond Antic 13,500 A.G. Edwards --- --- --- --- --- Mar 26 ...

Results of Negotiated Sales.
April 1, 2004... CALIFORNIA ABAG Finance Authority For Nonprofit Corporations Mar 31, 2004 $13,070,000 Weekly Variable Rate Demand Multifamily Housing Revenue Bonds (Geneva Pointe Apts), 2004 Series A (Initial Rate Good Through April 7, 2004)...

Results of Competitive Sales.
April 1, 2004... CONNECTICUT Middletown (City) Mar 31, 2004 $12,600,000 General Obligation Bonds, Issue of 2004 (book entry). Dated Apr 1, 2004. Due Apr 15, 2006 to 2015. Non-callable. Winning bid: Wachovia Bank, at 105.3935, TIC...

Municipal Bond Elections.
April 1, 2004... This table lists bond elections involving $500,000 or more and gives the dates when voters are scheduled to cast their ballots (,000 omitted). $46,520 Anchorage, AK $7,670 Anchorage, AK $5,650 Anchorage, AK $4,560 Anchorage,...

Election Results.
April 1, 2004... APPROVED Wednesday, Mar 24, 2004 MICHIGAN Reed City Area Public SD--$12,560,000 Construction, remodeling and refurnishing Saturday, Mar 27, 2004 Eaton Rapids Public SD--$33,520,000 Construction, transportation...

S&P Upgrades $175M of Florida Housing Bonds to AAA.
April 1, 2004... Standard & Poor's on Tuesday upgraded to AAA from A the underlying rating on $175.2 million of multifamily housing revenue bonds that were used to finance 20 affordable housing projects in Florida. The ratings were upgraded because the...

L.A. Water Agency Still AA Despite Rate Inaction, S&P Says.
April 1, 2004... The reluctance of the Los Angeles City Council to approve water rate increases will not affect Standard & Poor's rating of the city's Department of Water and Power -- at least not yet. The council's decision Tuesday not to approve an 18%...

Connecticut Community College Deal Likely to Be Revisited This Month.
April 1, 2004... Connecticut Gov. John Rowland's office said it expects a $28 million bond sale for a Waterbury community college to be back on the state bond commission's agenda at this month's meeting, after it was struck from last month's agenda over...

Pennsylvania House Green-Lights at Least One Part of $1.1 Billion Stimulus Plan.
April 1, 2004... Lawmakers in the Pennsylvania House yesterday overwhelmingly passed at least one of two bills making up a whittled-down economic stimulus package based on a proposal made last year by Democratic Gov. Ed Rendell. The Senate, which approved...

Kansas Lawmaker Throws Roadblock In Front of WaterWalk Bonds.
April 1, 2004... To the consternation of Wichita officials, a member of the city's delegation to the Kansas Legislature has blocked bond issuance to attract a retail anchor to the planned $138 million WaterWalk development. By voting against the measure to...

Without Slots, Cuts Are Inevitable, Maryland Governor Says.
April 1, 2004... Maryland Gov. Robert L. Ehrlich Jr. warned the Ways and Means Committee yesterday that if the House rejects his proposal to install 15,500 new slot machines and use the revenue to bolster the budget, he will have to make deep cuts in spending,...

N.Y.C. Council Opts for Limited Anti-Predatory Lending Law.
April 1, 2004... Instead of appealing, the New York City Council has decided to let stand a New York State Supreme Court ruling from late January that strikes down an aggressive, anti-predatory-lending law that could have prevented some banks from working on...

Trends in the Region: Backers of W. Virginia Pension Issue Hope the End's in Sight.
April 1, 2004... If things go according to West Virginia Gov. Bob Wise's plans, a decision on a long-embattled $3.9 billion taxable bond issue that would go toward several of the state's unfunded pension liabilities could come as early as this summer or early...

ALABAMA: Baptist Dipped.
April 1, 2004... Standard & Poor's last week lowered its underlying rating on $356 million of bonds issued by Baptist Medical Center Special Care Facilities Financing Authority on behalf of Baptist Health System in Birmingham to BBB from BBB-plus. In addition,...

ALABAMA: Riley's Half-Time Report.
April 1, 2004... Gov. Bob Riley, sharply critical of lawmakers for failing to reform government programs, on Tuesday released "Where Is the Accountability? A Half-Time Report on the 2004 Regular Session." The six-page document details the status at this...

FLORIDA: Hillsborough Raised.
April 1, 2004... Standard & Poor's on Monday raised its rating on Hillsborough County's $14.6 million of outstanding fuel-tax revenue refunding bonds to A-plus from A-minus. "Good growth of pledged revenues over the past five years, short debt maturity,...

GEORGIA: Highly Regarded Henry.
April 1, 2004... The Henry County Hospital Authority is selling $60 million of revenue certificates on Tuesday, proceeds of which will be used to fund improvements at the Henry Medical Center. The county is one of the fastest-growing and most affluent...

SOUTH CAROLINA: Beemer Bonds.
April 1, 2004... South Carolina is selling about $27 million of general obligation bonds today to go toward the expansion of a BMW automobile manufacturing facility, the first time the triple-A rated state is selling so-called economic development bonds. ...

VIRGINIA: No Federal Help for You.
April 1, 2004... Virginia lawmakers struggling to close a projected $1.2 billion gap in the state's fiscal 2005-06 biennial budget should not expect the federal government to lend a hand, the Richmond Times-Dispatch reported Tuesday. "We have our own set...

Health Care: Wellspring Taps Mountford to Build Practice.
April 1, 2004... Chicago-based Wellspring Partners last week announced the hiring of Gordon Mountford to build the organization's revenue cycle management practice. In his position as a principal, Mountford will focus on net revenue improvement and business...

New Hires: Health Care Vet Ellen GordonMoves to FGIC From Goldman.
April 1, 2004... Financial Guaranty Insurance Co. on Monday hired Ellen Gordon as managing director and head of its health care group. Gordon joins FGIC from Goldman, Sachs & Co, where she resigned March 19 for the "fabulous opportunity" to develop a health...

Mergers & Acquisitions: Bank of America Boosts Muni Group as It Closes Fleet Deal.
April 1, 2004... Bank of America Corp., which closes today on its $47 billion acquisition of FleetBoston Financial Corp., is continuing to bulk up its Northeast municipal group. Banc of America Securities Inc., Bank of America's underwriting arm, has...

Municipal Bond Activities.
April 1, 2004... April 1-2 The Bond Market Association will hold a Governmental Accounting Financing Analysis Seminar at the Global Financial Markets Conference Center in New York City. For more information and to register call Kristen Sarpalius at...

LONG-TERM BONDS: January-March.
April 1, 2004... 2004 2003 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $85,451,400 3,034 $85,612,300 3,320 -0.2 % January 20,784,900 809 27,103,200 972 -23.3 February 26,288,700 997 30,278,500 1,101 -13.2...

NEW-ISSUE VOLUME NOTES.
April 1, 2004... The new-issue volume tables are based on information compiled by The Bond Buyer from Thomson Financial's data base on Wednesday, March 31, 2004. All figures are preliminary and subject to revision. Long-term bonds have final stated...

LARGEST ISSUES: March 2004.
April 1, 2004... Amount Issuer Date $1,074.9 Massachusetts (Commonwealth), GOs (NM/ref) Mar 4 1,030.4 Connecticut (State), GOs (ref) (TE) Mar 24 1,000.0 NorthStar Education Finance Inc., Del., student loans Mar 31 948.7 New York City, GOs...

BOND SALES BY STATE: January - March.
April 1, 2004... 2004 2003 State Rank Volume Rank Volume Pct Chg Alabama 44 $215,800 23 $747,200 -71.1 % Alaska 39 286,200 52 31,600 +805.7 Arizona 7 3,104,900 14 1,882,900 +64.9 Arkansas 37 315,100 43 180,500 +74.6 California 2...

LONG-TERM BONDS: March.
April 1, 2004... 2004 2003 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $38,372,200 1,227 $28,230,600 1,247 +35.9 % Development 737,400 32 974,000 44 -24.3 Education 9,192,900 441 7,535,800 442 +22.0 ...

U.S. Securities Prices.
April 1, 2004... Prices as of 3 p.m. ET. Source: GovPx Inc. Treasury Bills Yesterday's Prev. Day's Yesterday's (in percent of discount) Bid/Offer Bid/Offer Bid Yield 1M -- 4/29/2004 0.935/935 0.940/935 0.949 3M -- 7/1/2004 0.925/920...

Short-Term Tax-Exempt Yields.
April 1, 2004... Mar 31, 2004 Mar 30, 2004 Apr 2, 2003 Selected MIG-1/SP-1+ Notes California Raws Ser A 2s (MIG-1) (June 04) 1.02 0.96 1.30 Los Angeles Co Trans 2s (June 04) 0.97 0.93 1.10 Texas Trans 2s (Aug 04) 0.97 0.96 1.10 ...

Municipal Market Data General Obligation Yields.
April 1, 2004... Aaa Aaa (pure) (ins) Aa A Baa 2005 1.02 1.08 1.07 1.19 1.69 2009 2.35 2.47 2.45 2.71 3.22 2014 3.43 3.56 3.53 3.83 4.33 2019 4.02 4.15 4.12 4.37 4.87 2024 4.40 4.51 4.50 4.69 5.14 2029 4.49 4.60 4.59 4.78 5.23...

Market Indicators.
April 1, 2004... Dollar amounts are in millions Day's 2004 2004 Daily Yesterday Change High Date Low Date Municipal Bond Index 113-22 +7/32 116-02 (3/11) 111-16 (1/5) 40 Average Dollar Price 103.02 +0.21 105.30 (3/11) 101.29 (1/5) ...

Reoffering Yields.
April 1, 2004... NRO - Not Reoffered; S.B. - Sealed Bid; SNA - Sold, Not Available Offer Amount Date ($Mil) NEW OFFERINGS 1 Year 5 10 15 20 25 30 3/31 330.8 Fairfax Co., Va. (Aaa/AAA) S.B. NRO 3.41 4.13 4.50...... . RECENT OFFERINGS Aaa...

New-Issue Balances.
April 1, 2004... (,000 Omitted) * Since initial reoffering + Revised upward since last report Amount Date NEW OFFERINGS Sold Balance $330,825 3/31 Fairfax Co., Va. $330,825 All Sold 274,275 3/31 New Jersey (State) 233,060 41,215 ...

One-Year Note Index.
April 1, 2004... 2004 Mar 31 1.04% 24 1.03 17 0.99 10 1.02 3 1.05 Feb 25 1.08 18 1.10 11 1.10 4 1.15 Jan 28 1.13 21 1.08 14 1.05 7 1.12 2003 Dec...

Municipal Bond Index Update.
April 1, 2004... The list of bonds used to calculate the Municipal Bond Index was revised after the March 31 pricing. The new coefficient is 1.0208. It was derived by dividing the March 31 index (113.693500) by the average converted price of the new set of...

Municipal Bond Prices.
April 1, 2004... These 40 Bonds are evaluated and priced daily by Standard & Poor's Securities Evaluations. All figures are rounded to the nearest eighth when reported in this table. "Change in Bid" is rounded after calculation. Dollar Change...

Municipal Bond Index.
April 1, 2004... Yesterday Previous Day Week Ago The Bond Buyer Municipal Bond Index 113-22 113-15 115-07 Wednesday, March 31, 2004 Maturity Par Call Dollar Conversion Converted Date Date Price Factor Price 1 Texas Turnpike Authority 5s...

United Case Has Investors Poring Over Their Airline Debt.
April 1, 2004... A Chicago federal bankruptcy court judge's ruling late Tuesday that requires United Airlines to only make payments on bonds as a condition of its use of facilities at the Denver International Airport, and not for bonds for facilities at three...

The Digest.
April 2, 2004... Municipal bonds weakened yesterday following a decline in Treasuries, while trading activity slowed down as fewer participants were willing to bid on offerings ahead of the upcoming March employment report due today. Complete market coverage by...

Lodi, Calif., and Lehman Wage: Court Battle Over COP Deal.
April 2, 2004... Lodi, Calif., and Lehman Brothers Inc. are in the throes of a pitched battle in federal and state courts over whether the city must pay the brokerage firm $23.5 million under an unusual $16 million variable-rate certificates of participation...

UBS, Citigroup Take Top Underwriter Spots in 1Q.
April 2, 2004... As volume in the municipal market increases in synch with last year's record issuance levels, the perennial leaders once again have held their grounds as the top underwriters of municipal bonds. So far this year, UBS Financial Services Inc....

Pennsylvania OKs $1.1B Stimulus Plan: $750M of Taxable Bonds Included.
April 2, 2004... The Pennsylvania legislature late Wednesday approved a roughly $1.1 billion economic stimulus plan that includes about $750 million of taxable revenue bonds. State leaders hope the plan will jumpstart job growth and foster private investment...

News In Brief: Feb. PPI Rose 0.1%; Core Rate Gains 0.1%.
April 2, 2004... The overall producer price index rose 0.1% in February, while the core rate also climbed 0.1%, Labor Department data showed yesterday. The overall rise for so-called finished goods, which compared with a 0.3% rise predicted by economists...

News In Brief: Jobless Claims Dip 3,000 to 342,000.
April 2, 2004... First-time applications for state unemployment benefits decreased 3,000 to 342,000 in the week that ended March 27, according to data released by the Labor Department yesterday. The figure of 342,000 applications was larger than the 340,000...

News In Brief: Feb. Construction Spending Off 0.1%.
April 2, 2004... Construction spending decreased 0.1% in February as public construction spending declined and private construction spending increased, Commerce Department figures released yesterday show. Total construction spending was estimated at $921.1...

News In Brief: ISM Index Rises To 62.5 in March.
April 2, 2004... The overall economy expanded for the 29th straight month in March, while the manufacturing sector expanded for the 10th time in as many months, the Institute for Supply Management reported yesterday. According to the ISM's monthly report on...

News In Brief: Cash Managements Draw 0.960% High.
April 2, 2004... The Treasury yesterday sold $25 billion in 13-day cash management bills dated April 2 and due April 15 at a 0.960% high tender rate. The bid-to-cover ratio was 3.13. The coupon equivalent was 0.983%. The price was 99.965. The low bid was...

News In Brief: Treasury Details Next Week's Auctions.
April 2, 2004... The Treasury Department said it will raise new cash at its auction of 9 3/4-year 2% coupon inflation-indexed bonds on April 7 by selling $9 billion, and it will raise cash by auctioning $16 billion of five-year notes on April 6. Treasury...

Thursday's Market: Municipals Weaken as Upcoming Jobs Data Puts Pressure on Market.
April 2, 2004... Municipal bonds weakened yesterday following a decline in Treasuries, while trading activity slowed down as fewer participants were willing to bid on offerings ahead of the March employment report due today. Governments fell in response to...

A Clarification.(Correction Notice)
April 2, 2004... A front page article yesterday should have stated that the remarks made by Martha Mahan Haines, chief of the Securities and Exchange Commission's Office of Municipal Securities, were personal and did not necessarily represent those of the SEC...

Trustee for Vigo County, Ind., Agency Taps Reserve Fund for Debt Service.
April 2, 2004... A material event notice was filed this week for the $19 million of outstanding 1998 taxable bonds issued through the Vigo County, Ind., Redevelopment Authority after the trustee tapped into reserves to pay debt service because of the lateness...

With Two Upgrades, Harris County, Tex., to Sell Toll& Road Bonds.
April 2, 2004... With rating upgrades from Standard & Poor's and Moody's Investors Service, the Harris County, Tex., Toll Road Authority will go to market on Monday with $480 million of toll road senior-lien refunding bonds. Citigroup Global Markets Inc....

Bipartisan Committee Announces N.Y. Budget Reform Plan.
April 2, 2004... As the final seconds of the fiscal year slipped away and New York state leaders failed to adopt an on-time budget for the 20th straight year, a joint legislative conference committee late Wednesday announced a budget reform agreement aimed at...

Illinois Finance Authority OKs $450 Million for Health Care.
April 2, 2004... The Illinois Finance Authority this week gave final approval to a handful of health care deals totaling $450 million that are expected to price this spring. Central DuPage Health, based in the suburbs west of Chicago, plans to sell $240...

Florida Republicans Disagree on Sales Tax Rebate for New Marlins Stadium.
April 2, 2004... Florida's highest-ranking Republicans are at odds with each other about a proposed state sales tax rebate to help finance a new baseball stadium for the Florida Marlins. The team, which has twice won the coveted World Series, was in the...

Housing: Senators Rip Bush's FY2005 Package as New HUD Boss Is Confirmed.
April 2, 2004... The Republican chairman of a Senate appropriations panel and the panel's senior Democrat blasted President Bush's proposed $31.3 billion fiscal 2005 Department of Housing and Urban Development spending plan, along with administration-backed...

Transportation: 'Donor State' Lawmakers May Try to Thwart House's $275B Legislation.
April 2, 2004... The House yesterday began debating legislation that would provide $275 billion over six years for road construction, transit projects, and related safety initiatives, but passage of the bill is uncertain because lawmakers from states that get...

Mutual Funds: Fortunes Turn for Munis, With $538 Million Inflow.
April 2, 2004... Municipal bond mutual funds broke a seven-month losing streak in February with a net inflow of $538 million, as equity fund inflows slowed to $26.2 billion after posting a recent high of $43 billion in January, according to Investment Company...

Money Market Funds: Investors Take Out $1.92B in Tax-Exempts.
April 2, 2004... Tax-exempt money market funds had an outflow of $1.92 billion for the week ended Monday as their total assets settled at $302.67 billion, according to data from iMoneyNet Inc. The average seven-day yield for tax-free funds inched up three basis...

Competitive Bond Offerings.
April 2, 2004... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com ISSUER ST DESCRIPTION AMOUNT ($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING...

Competitive Note Offerings.
April 2, 2004... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Tuesday, April 6 North Haven ...

Negotiated Bond Offerings.
April 2, 2004... Tentative dates for negotiated sales of $5 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Friday, April 2 Arizona BOR AZ...

Negotiated Note Offerings.
April 2, 2004... ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of April 5 Jackson LSD OH Bond Antic 43,500 A.G. Edwards - - - -...

Results of Negotiated Sales.
April 2, 2004... CALIFORNIA Culver Redevelopment Agency Mar 31, 2004 $30,370,000 Tax Allocation Refunding Bonds, 2004 Series A (Culver City Redevelopment Project) (Ambac Insured) (book entry). Dated Apr 14, 2004. Due Nov 1, 2004 to 2016....

Results of Competitive Sales.
April 2, 2004... CALIFORNIA San Luis Obispo (City) Apr 1, 2004 $6,870,000 Capital Improvement Board 2004 Lease Revenue Refunding Bonds (AMBAC insured) (bank qualified) (book entry). Dated Apr 15, 2004. Due Jun 1, 2005 to 2014. ...

Rating Changes.
April 2, 2004... Dollar amounts represent the amount of bonds outstanding in the issue. Rating changes that result from the purchase of the letters of credit or bond insurance for issues in the secondary market are not included. ISSUER AMOUNT ...

N.Y.C. Trust Refunding $195M for Museum of Natural History.
April 2, 2004... The venerable American Museum of Natural History is planning to sell up to $195 million of refunding bonds through the New York City Trust for Cultural Resources as early as this month. The issuer will hold a public hearing on the sale on...