(Bloomberg) -- Texas sold the largest of $6.4
billion in new long-term debt issued by U.S. states and
municipalities this week, even as other local governments
scrapped offerings as borrowing costs rose to the highest in
almost 10 months.
Texas, the second-largest state by area and population,
trimmed its general obligation debt sale by 5 percent to $1.01
billion as U.S. yields climbed. Among municipal borrowers that
shelved bond deals, a Detroit airport authority and a New Jersey
environmental trust postponed offerings aimed at refinancing
higher-interest debt.
Read more at Bloomberg Bonds News
billion in new long-term debt issued by U.S. states and
municipalities this week, even as other local governments
scrapped offerings as borrowing costs rose to the highest in
almost 10 months.
Texas, the second-largest state by area and population,
trimmed its general obligation debt sale by 5 percent to $1.01
billion as U.S. yields climbed. Among municipal borrowers that
shelved bond deals, a Detroit airport authority and a New Jersey
environmental trust postponed offerings aimed at refinancing
higher-interest debt.
Read more at Bloomberg Bonds News
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