--Approximately $2.95 billion consolidated public improvement and refunding bonds, GO multi-modal
bond anticipation notes (BANs), GO sewage disposal bonds, GO water supply bonds, general construction and general construction refunding bonds, and GO construction and refunding bonds at 'AAA'; and
In addition, the agencies affirmed their respective MIG1 and SP-1+ short-term ratings on the county's GO
bond anticipation notes series 2018.
Garcia Padilla signed an executive order that applies to "certain Puerto Rico Financing Authority (PRIFA) notes," a statement from the government said. "With this action, all obligations to transfer revenues or funds related to the PRIFA BANs (
bond anticipation notes) are suspended," the statement said.
Murray's practice includes advising on a broad cross section of short-term and long-term financing structures and security structures, taxable and tax exempt financings, general obligation and revenue bonds, tax anticipation and
bond anticipation notes, equipment leases and project lease secured bonds, certificates of participation, senior and subordinate multi-tier security structures and multi-mode interest rate structures.
At the same time, the city plans to sell $21.9 million in short-term
Bond Anticipation Notes.
But the experience has left city officials wary of investing in the
bond anticipation notes of entities that lack a track record of paying debt, she said.
1, the $41.77 million, short-term,
Bond Anticipation Notes are due.
Management has indicated it will use the bond proceeds to refund USD6m of
bond anticipation notes (BANs), maturing 20 August 2010, and USD3.5m of BANs due on 27 August 2010, as well as to fund general capital improvement projects.
The "all other bonds, combined" category here includes housing bonds,
bond anticipation notes, and tax and revenue anticipation notes, as well as those obligations for which a specific purpose either did not apply or was not clearly indicated on the Form 8038-G return NOTE: Detail may not add to totals because of rounding.
Robert Klein, the main proponent of Proposition 71 and chair of the Independent Citizens' Oversight Committee (ICOC), the agency's governing board, has already secured an additional $32 million in commitments for more
bond anticipation notes, which are expected to be issued in increments in the coming months, the Los Angeles Times reported.
Intended to streamline and modernize municipal finance, the Revised Municipal Finance Act (Act 34) authorizes the use of several new types of securities, including
bond anticipation notes (BANs), grant anticipation notes (GANs), and limited tax general obligation bonds.
