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Article: The Week Ahead: Timing Is Just Right for New York, San Diego Offerings.
- Article from:
- The Bond Buyer
- Article date:
- May 20, 2002
- Author:
CopyrightCOPYRIGHT 2002 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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With spring redemption season in full swing, this week's new issues should benefit from good timing as many investors are eagerly shopping ahead of the sizable June 1 coupon payment and maturity date, municipal players said.
In New York, there will be no shortage of paper, and an essential service deal in California should also be well sought after, traders and underwriters noted.
In the largest offering of the week, New York City will test investors' appetite for its single-A rated general obligation credit tomorrow when it sells $1.5 billion of GO bonds, following a two-day retail order period that ends today. Salomon Smith Barney Inc. is the lead ...