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Minneapolis and the Housing and Redevelopment Authority plan to remarket $72.1 million revenue bonds
By Cristal Cody
Springdale, Ark., March 18 - Minneapolis, Minn., and the Housing and Redevelopment Authority in Saint Paul, Minn., expect to remarket $72.1 million revenue bonds by the end of the month, an issuer reported Tuesday.
The city and the authority will convert the auction rate bonds to a fixed rate and remarket the $23.2 million series 1995B bonds and the $48.9 million series 2004A bonds.
No date has been set yet, said Bob Lind, director of business finance for Minneapolis.
The FSA-insured bonds (Aaa/AAA/-) were priced for Children's Healthcare and Children's Hospitals and Clinics of Minnesota.
The series 1995B bonds have maturities from Aug. 15, 2008 through Aug. 15, 2017, and a term bond due 2025.
The series 2004A bonds have maturities from Aug. 15, 2008 through Aug. 15, 2017, and term bonds due 2028 and 2034.
PiperJaffray is the remarketing agent.
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