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Local government bonds attract huge interest
Thursday 16th of February 2012
Overall the issue attracted bids of $1.32 billion, more than four times the amount being sold.
Both sets of bonds received strong interest, with $216 million being bidded for $50 million of bonds maturing in 2015 and $1.104 billion bidded on $250 million of bonds maturing in 2017.
The coupon rate for both bonds was 6.00%, with successful bids for the 2015 bonds having a range of 3...
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