Bonds Issued In June Total Over 1 Billion
Sun, 06 Jul 2014 23:09:37 EDT
State government along with universities and local school district issued bonds
totaling more than $1 billion in June, more than all the bonds that state,
schools and local governments issued for the rest of the year.
The figures were compiled from Wall Street filings released showing the bond
sales were either issued or completed.
For all of 2014 thus far, including the first days of July, governments and
authorities in Michigan - most of them local school districts - have issued
$1.83 billion in bonds.
In June alone, the governments issued $1.02 billion bonds.
Except for the fact that school districts, almost all colleges and universities,
and all local governments in the state see their fiscal years end on June 30,
there was no particular reason why more bonds were issued in the month than the
rest of the year.