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consolidated bond |
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Enemies have always sought to overthrow the Islamic ruling system, but their conspiracies have proved counterproductive and further consolidated bonds of unity among the people," Najjar said In 1990, Wall Street was told that there were two bond issues in particular that the Port Authority wanted to refund on a streamlined forward delivery basis: the $100 million, 10 1/8 percent consolidated bonds, 50th series, first callable in December 1992, and the $100 million, 11 percent consolidated bonds, 51st series, first callable in June 1994. Consolidated bonds and notes are secured by net revenues of the authority and a pledge of the general reserve and consolidated bond reserve funds. |
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