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New Orleans airport to replace old bonds with new fixed-rate bonds

New Orleans, Usa - The goal is to reduce the debt

The New Orleans Aviation Board (NOAB) obtained credit ratings from three nationally-recognized rating agencies. The improved ratings enabled Armstrong officials to sell 144.4 million dollars in general airport revenue bonds in mid-January 2009. The purpose of the new bonds is to refund all of NOAB’s outstanding debt. Due to an earlier downgrade in one of the bond insurers for the previous bonds, i...

AVIONEWS - World Aeronautical Press Agency - 1100604
Rome, Italy, 03/04/2009 12:00
AVIONEWS - World Aeronautical Press Agency

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