Monday, July 30, 2007

Los Angeles, Denver, New Jersey to Borrow for Schools, Airport, Housing

(Bloomberg) -- Los Angeles Unified School District,
Denver, New Jersey and Maryland will offer the largest of $5
billion of U.S. municipal bond issues planned for this week.

The Los Angeles school system, the second-biggest in the
nation after New York City, plans to borrow $1 billion to build
new schools and repair older ones. Denver will sell debt to
expand its airport and New Jersey will offer bonds to replenish
a trust fund for special-needs housing in two deals totaling
$860 million. Maryland will auction $375 million of debt for
schools, colleges, jails and other state building projects.


Read more at Bloomberg Bonds News

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