Friday, November 15, 2013

Bankrupt Alabama county prices nearly $1.8 bln of bonds for retail buyers

Bankrupt Alabama county prices nearly $1.8 bln of bonds for retail buyers
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Fri Nov 15, 2013 12:14pm EST



Nov 15 (Reuters) – Alabama’s bankrupt Jefferson County priced nearly $ 1.8 billion of sewer revenue debt on the first day of a two-day retail order period, a market source said on Friday.


The pre-sale period reserved for wealthy individuals and other relatively small investors will continue on Monday. Institutional pricing is set for Tuesday.


No further details such as pricing were available at this time.


Citigroup is the senior manager on the sale.



Reuters: Bonds News




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