BRADENTON, Fla. - Jefferson County, Ala., commissioners yesterday extended yet another forbearance agreement with liquidity banks holding approximately $120 million of variable-rate demand general obligation warrants.

The county has negotiated forbearances on the debt for a year now, delaying full or partial principal payments on the warrants that were supposed to be redeemed by the county in six semiannual payments beginning in September 2008 because they could not be remarketed.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.