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District Markets Latest Bond Offering to Investors

Thursday, September 22, 2011

District Markets Latest Bond Offering to Investors

Chief Financial Officer Natwar M. Gandhi announced that approximately $140 million in Income Tax-Secured Revenue Bonds will be offered for sale beginning Friday, September 23.

Chief Financial Officer Natwar M. Gandhi today announced that approximately $140 million in Income Tax-Secured Revenue Bonds will be offered for sale beginning Friday, September 23.  The proceeds of this bond issuance will fund various District infrastructure projects. 
 
Interest earnings on the bonds are exempt from federal and District of Columbia income taxation.

Friday, September 23, will be dedicated to taking orders from retail customers only. On Monday, September 26, bonds will be offered to institutions.

Information about the bond offering can be found at www.buyDCBonds.com.