Regional News
Oakdale, Calif., Restructuring Debt, Planning Rate Raise After Default
Monday, September 10, 2012
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Oakdale, Calif., looks to restructure debt and raise sewer rates after missing the Aug. 31 debt service payment on a state revolving loan connected to its 2002 sewer revenue bonds.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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