District of Columbia to remarket $214.7 million auction-rate bonds for Georgetown University

By Cristal Cody

Tupelo, Miss., Sept. 4 - The District of Columbia plans to convert and remarket $214.7 million auction-rate revenue bonds (A3/A-/) for Georgetown University, according to a preliminary remarketing circular.

The $67.45 million outstanding from the series 2001B bonds will be converted Sept. 23 to a term interest rate.

The $73.6 million outstanding from the series 2001C bonds will be converted Sept. 25 to a term interest rate.

The $73.65 million outstanding from the series 2001D bonds will be converted Sept. 29 to a fixed interest rate.

Morgan Stanley is the remarketing agent.

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