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Purchase Fixed Rate Direct Placement Bonds


Location
Rhode Island
Publication Date
12/04/2018 03:02 PM EST
Closing Date
01/04/2019 02:00 PM EST
Issuing Organization
Rhode Island Commerce Corporation
Solicitation Number
Description

Specifications include, but are not limited to: Banks to purchase fixed rate direct placement bonds (the “direct placement”) in the estimated amount of $28 million for the benefit of the Rhode Island Airport Corporation (RIAC). The proceeds of the direct placement, and other available funds, will be used to refund, on a current basis, all or a portion of each of the series of outstanding Airport Revenue Bonds, 2008 Series A and B and fund cost of issuance on the transaction. The amount currently outstanding of the 2008 Series A Bonds is approximately $14,515,000 and the amount currently outstanding of the 2008 Series B Bonds is approximately $12,770,000.

Source
http://www.pvdairport.com/corporate/procurement (opens in a new window)

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