New York Issues $2 Bln in Airport Bonds
The New York Transportation Development Corporation sold $2 billion in taxable bonds to reduce refinancing risk as John F. Kennedy International Airport (JFK) builds a new terminal. The bonds mature between 2038 and 2060, yielding between 4.6% and 5.56%. They received insured ratings of AA from S&P Global Ratings, A1 from Moody’s Investors Service, and
By Munichain News Desk