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Article: Rhode Island Convention Center Authority Back With $58M Deal.
- Article from:
- The Bond Buyer
- Article date:
- June 24, 2003
- Author:
CopyrightCOPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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After a nearly two-year absence from the market, the Rhode Island Convention Center Authority returns today with an insured, $57.71 million refunding revenue bond deal, a negotiated sale that could be followed up later this year with a new-money issue.
The current refunding of a portion of the authority's Series 1993B bonds comes as a refreshing change to the elaborate financing it entered two years ago when it sold a synthetic fixed issue of about $101.3 million to help fund construction of the Rhode Island Convention Center complex, said chief financial officer Ted Przybyla.
Przybyla credits the low interest rate environment with eliminating the need ...