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Memphis Sells $135 Mln in Bonds
Memphis, Tennessee, issued $135.3 million in bonds to refund previously issued securities. The bonds mature between 2025 and 2044, yielding between 2.91% and 3.63%. They pay interest at 5%. The securities received a rating of Aa2 from Moody’s Investors Service and AA from S&P Global Ratings. “The Aa2 issuer rating reflects the city’s healthy reserves
By Munichain News Desk