Thursday, October 29, 2009

Liquidity finally at the Water Authortity

Don't say I am always negative.  For the Burghowonkerati at least I infer from the following filings that at least some of the problematic PWSA debt is taken care of for the moment.  Looks like they have a short term liquidity facility until 2011, but someone ought to look into that. Our poor local beat friends are just swamped these days. 

They seem to be paying pretty low interest rates (0.2% as of yesteday... down even  from 0.23% when re?-issued last week I take) on some of it....  on par with the recession impacts in fixed income markets these days...  actually should be pretty cheap debt for them at the moment... cheaper than when first issued even.

Anyway... see:

also see:

Who needs a Bloomberg box any more.  :-)


Anonymous Anonymous said...

Liquidity doesn't come cheap.

Friday, October 30, 2009 9:08:00 AM  
Blogger C. Briem said...

no doubt.

Friday, October 30, 2009 7:01:00 PM  
Anonymous MH said...

Liquidity only comes cheap if you've screwed-up the entire banking system. Then the feds will loan you whatever you need.

Friday, October 30, 2009 9:36:00 PM  

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