Most Talked-About Deals of 2008

The year in municipals brought about several offerings of note, some for their sheer size, others for their notoriety. Here are some of the most talked-about offerings from the year in municipals:

• California's $3.183 billion economic recovery bonds sold Feb. 7, 2008. Retail orders totaled $1.46 billion with yields from 2.05% to 4.1%.

•The Port Authority of New York and New Jersey's $300 million series ZZ consolidated notes, expected to price Dec. 3. PANYNJ's only failed attempt at selling bonds competitively. The offering drew no bids and was cancelled.

• Pennsylvania's $600 million series 2008 general obligation bonds sold Dec. 9, 2008. Offering was slashed in half due to tough market conditions; it had been a buzzed-about offering because it would have been the largest competitive sale since the market collapse in September.

© 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.