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Article: Pennsylvania Convention Center Authority signs bond purchase.
- Article from:
- PR Newswire
- Article date:
- December 20, 1989
CopyrightCOPYRIGHT 1989 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)
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PENNSYLVANIA CONVENTION CENTER AUTHORITY SIGNS BOND PURCHASE
PHILADELPHIA, Dec. 20 /PRNewswire/ -- Today the Pennsylvania Convention Center Authority (PCCA) announced the signing of the bond purchase contract with its underwriting group headed by PaineWebber.
The bonds, which were sold yesterday, will provide funds for the construction of the new convention center. The result of yesterday's activity will reduce the maximum annual debt service obligation of $24.7 million, which was approved in the City Council ordinance, by $3 million.
At its regularly scheduled monthly meeting, the PCCA board applauded the outstanding efforts of its ...