Causeway to refinance bonds (St. Tammany News)
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In much the same way as a homeowner might refinance a mortgage, the Greater New Orleans Expressway Commission, better known as the Causeway Commission, unanimously passed a resolution to refund revenue bonds as a special meeting on Wednesday.
L.A. Schools to Raise $1.9 Billion, Led by Build America Bonds (Bloomberg)
Oct. 1 (Bloomberg) — The Los Angeles Unified School District seeks to raise as much as $1.9 billion today to fund work on its facilities and refinance debt, including one of the largest Build America Bond issues since sales began in April.
World Bank to Buy $1.5 Billion in Toxic Assets to Boost Lending (Bloomberg)
Oct. 1 (Bloomberg) — The World Banks private investment arm said it will spend more than $1.5 billion over three years in developing countries to buy distressed assets and invest in companies struggling to refinance their debt.
