LIPA refinancing vehicle sells tax-exempt bonds
NEW YORK Dec 11 (Reuters) - New York's Utility Debt Securitization Authority, an entity set up to refinance the debt of the Long Island Power Authority, sold $1.5 billion of restructuring bonds on Wednesday.
The triple A-rated tax-exempt bonds with a 5 percent coupon and maturing in 2041 carried a yield of 4.4 percent.
Goldman Sachs was the lead underwriter on the deal.
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