Thursday, August 01, 2013

Genesee County can't find buyers for large bond sale

Genesee County can't find buyers for large bond sale | Detroit Free Press | freep.com:
"Two weeks after Detroit filed for municipal bankruptcy, Genesee County, the area that includes Flint, has postponed a large bondissue for lack of investor interest, a Wall Street publication reports.
The Bond Buyer reported that Genesee County pulled a $54-million water and sewer bond issue Thursday after investors showed little interest in the deal."

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