|
|
Article: CONNIE LEE INTRODUCES SECONDARY MARKET PROGRAM
- Article from:
- PR Newswire
- Article date:
- May 2, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. 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)
|
WASHINGTON, May 2 /PRNewswire/ -- Connie Lee announced today that its financial guarantee will be available on a limited basis for municipal bonds traded in the secondary market. Connie Lee's Secondary Market Insurance Program exclusively serves public college and university bonds. The company currently provides primary insurance and reinsurance on municipal bonds issued on behalf of colleges, universities and teaching hospitals.
To be eligible for the program, public higher education bonds currently must be rated "BBB" or higher by Standard & Poor's Corporation. Connie Lee will insure blocks of $2 million in par and up, with a minimum ten-year maturity.
...