bond anticipation note

(redirected from Bond Anticipation Notes)

Bond anticipation note (BAN)

A short-term debt instrument issued by a state or municipality to borrow against the proceeds of an upcoming bond issue.

Bond Anticipation Note

A short-term note, usually but not always issued by a municipality, used to finance some project. BANs are often issued with a maturity of one year or less; the proceeds are paid by the issue of a larger bond with a longer maturity. A construction loan note, in which a city finances private construction, is an example of a bond anticipation note. See also: IDC, RAN.

bond anticipation note (BAN)

A short-term municipal security that has its principal repaid from the proceeds of a long-term municipal bond issue that is sold at a later date. Essentially, BANs represent debt that is used until long-term funding is available.
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NEW YORK, June 29 /PRNewswire/ -- Vermont's planned commercial paper issuance, $30 million bond anticipation notes, series D, and $105 million revenue anticipation notes, series C, is rated 'F-1+' by Fitch.
NEW YORK -- Fitch Ratings affirms the 'F1+' rating assigned to the City of Charlotte, North Carolina, $150,000,000 General Obligation (GO) Commercial Paper Bond Anticipation Notes, Series 2005 (the 'Notes').
s $60 million Consolidated Public Improvement Commercial Paper Bond Anticipation Notes, Series A are rated "F-1+" by Fitch.
NEW YORK -- Fitch Ratings assigns an 'F1+' short-term rating to Nassau County, New York's (the county) approximately $100 million general obligation (GO) bond anticipation notes (BANs), 2007 series A.
The notes are limited special obligations of the authority, payable as to principal from the proceeds of the sale of bonds or bond anticipation notes and certain principal payments made under loan agreements with local units and payable as to interest from certain authority revenues, including local payments under loan agreements and from certain state shared taxes when withheld and have become the property of the authority.
NEW YORK -- Fitch Ratings assigns a rating of 'F1+' to the $125,000,000 Boston Water and Sewer Commission (Massachusetts), tax-exempt commercial paper bond anticipation notes, series A.
7 billion outstanding "A" water and sewer system revenue bonds and $375 million "F-1" bond anticipation notes, fiscal 1993 series A, are affirmed.
2 million to retire tax and bond anticipation notes attributable to the prior year's operations, essentially deficit funding bonds that will be paid over a five-year period.
NEW YORK -- Fitch assigns an 'F1+' rating to $600 million New York City Transitional Finance Authority (TFA) general capital purpose bond anticipation notes (BANs), fiscal 2007 series 1, to be sold competitively on Nov.
NEW YORK, June 21 /PRNewswire/ -- New York City Municipal Water Finance Authority's $375 million water and sewer system bond anticipation notes, fiscal 1993 series A are rated 'F-1'.
SAN FRANCISCO -- Fitch rates King County, WA's $53,000,000 Limited Tax General Obligation Bond Anticipation Notes 2006, Series A and $31,445,000 Limited Tax General Obligation Bond Anticipation Notes 2006, Series B 'F1+'.