Charlotte, N.C., to price $184 million in G.O. bonds Tuesday

By Sheri Kasprzak

New York, May 12 - The City of Charlotte in North Carolina plans to sell $184 million in series 2008 general obligation refunding bonds on Tuesday, according to a calendar of upcoming deals.

The bonds (//AAA) will be sold on a negotiated basis with Wachovia Bank as the lead manager.

The city plans to use the proceeds to refund its series 1998 and 1999 general obligation bonds. The refunding is expected to provide a cash-flow savings of $17 million, according to a report released Monday by Fitch Ratings.

© 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.