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Article: THE WEEK AHEAD: N.Y. Thruway's $700M Note Sale Leads Post-Holiday Slate.(Investors & Investing)(Calendar)
- Article from:
- The Bond Buyer
- Article date:
- July 6, 2009
CopyrightCOPYRIGHT 2009 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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Byline: Christine Albano
With most of the municipal market still in holiday mode this week, the short-term market will dominate the official first full week of the third quarter with a planned $700 million note sale from the New York State Thruway Authority.
In the long-term market, new-issue activity will all but fizzle out as only a few relatively large deals are expected, the largest of which is $210 million of revenue debt from the California Infrastructure and Economic Development Bank.
On the heels of a sparse, four-day trading week ahead of the July 4 holiday, this week there is an estimated $3.83 billion arriving in the negotiated and ...