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Article: Deal In Focus: Denver 'Living in the Moment' as $756M of Deals Circle for a Landing.(Southwest)
- Article from:
- The Bond Buyer
- Article date:
- September 30, 2008
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Byline: Richard Williamson
DALLAS - With $756 million of debt waiting to be issued, Denver is hoping conditions might improve enough today to get one of three deals out the door.
Credit markets remain virtually frozen, waiting on Washington to decide how large of a bailout, if any, to provide for Wall Street's bad mortgage-backed security bets.
"We are living in the moment," said Denver debt administrator Margaret Danuser. "We're trying to remain as flexible as possible."
The best prospect appears to be a $255 million current refunding of certificates of participation in a deal led by JPMorgan, with Wachovia Securities and Harvestons ...