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Published on 8/4/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

UIL Holdings plans to refund $64.5 million of its auction-rate bonds

By Devika Patel

Knoxville, Tenn., Aug. 4 - UIL Holdings Corp. intends to refund $64.5 million of its auction-rate bonds at such time and on such terms as municipal bond market conditions allow, according to a 10-Q filed Wednesday with the Securities and Exchange Commission.

UIL Holdings is a subsidiary of electricity provider United Illuminating Co. and based in New Haven, Conn.


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