Wednesday, September 04, 2013

Oakland County poised to delay $350 million bond sale

Oakland County poised to delay $350 million bond sale | Crain's Detroit Business:
"Oakland County may delay a $350 million debt sale that was set for next week because officials are behind schedule in assembling bond documents, Deputy Executive Robert Daddow said.

The offering would be the biggest from the eighth-most-populous state since Detroit filed a record municipal bankruptcy on July 18, data compiled by Bloomberg show.
The county is probably two weeks behind schedule and will determine tomorrow if issuing the general-obligation bonds next week is feasible, Daddow said."

Another one bites the dust?

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