Bonds in being
Beyond it being $125 million or so which is not a small number, why is it of interest? According the the Preliminary Official Statement on this offering, part of it is to refinance some old bonds. Specifically these 2002 Series A bonds. Thing is that these bonds are callable on March 1, 2012, with a minimum of a 30 day notice to the registered holders of those bonds. 30 days left of March 1st is... tomorrow? You are talking seriously down to the wire in all of this.
Curious discrepancy in numbers. Dow Jones says this was for $114 million. POS said $125 million. Trib breaking news says it is 80+57 which I add up to be $137 million. I'm quite sure the number for the debt is a hard number at the end of the day, just curious reporting to see the different numbers floating around.
Like I said.. not quite the stuff for a general audience, but beyond any headines on this, there must be a very serious inside game of poker going on between the city, ICA and everyone else involved in the timing of this. Given how much ink we spill over some incredibly minutia things, you think this all would get a little more coverage or public debate.