RI Convention Center to refund bonds
8:11 AM Wed, Mar 11, 2009 | Permalink
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Fitch Ratings has assigned an 'A+' rating to the Rhode Island Convention Center Authority's $500,000 refunding revenue bonds. This is the federally taxable series of an offering that also includes $72 million refunding revenue bonds, 2009 series A. The bonds are being issued to refund outstanding 2001 series A variable-rate 
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That's great but what does it mean in laymans terms
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Very nice.
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Very good.
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Nice.
Real Estate
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DF said:
That's great but what does it mean in laymans terms
If you asked Bond Counsel what this means, they would tell you to ask the bank, who would tell you to ask the trustee who would tell you to ask the US Treasury. I think it means that they found a way to "get" some "new money". They are taxable because they do not qualify to be tax-exempt.
Good for the parties to the transaction.
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