Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for Detroit > News item |
Detroit schedules $245 million public improvement bonds for Aug. 19
By Sheri Kasprzak
New York, Aug. 4 – The City of Detroit is set to come to market Aug. 19 with a $245 million offering of series 2015 public improvement revenue bonds through the Michigan Finance Authority, said a source familiar with the deal.
The bonds were recently rated A by Standard & Poor’s.
The underwriting syndicate has not yet been named.
The bonds are due 2023 to 2030.
Proceeds from the offering will be used to finance blight removal and public safety improvements.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.