A small, fast-growing Indiana city that needs money for capital projects sold its water and sewer systems for $91M in cash to the same utility that bought Indianapolis' systems for $1.9B last year.
Indiana City Sells Water, Sewer System for $91M Cash
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.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY