City of Marco Island bonds well received

— The sale of the Marco Island Utility System Refunding Revenue Bonds, Series 2013 was met with exuberance by investors this week, resulting in $210 million of total orders for $62 million of bonds, according to a press release from the city.

In the release, Council Vice-Chairman Ken Honecker attributed the high demand to the city’s AA-, Aa3 bond rating, “Bond Investors are looking for safety and security, and our high quality municipal bonds are an excellent investment.”

The total expected savings for the City from the reissue is $3,422,320.93

© 2013 marconews.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Discuss
  • Print

Comments » 3

Konfuzius writes:

in response to Hascle:

(This comment was removed by the site staff.)

Correct!

2themoon writes:

Hascle, its funny how the city doesnt put that in their report, the scamming of the Marco taxpayer continues...

Konfuzius writes:

Because nobody at city hall is listen to Fay Biles. To bad.

Share your thoughts

Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.

Comments can be shared on Facebook and Yahoo!. Add both options by connecting your profiles.

Features