Regional News
Mountain State, Shutting Down, Redeems Debt
Wednesday, December 12, 2012
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Mountain State University in West Virginia has redeemed its outstanding tax-exempt debt as the private nonprofit institution winds down its operations.

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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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