PABs Saw 13% Slide Last Year

Depaul, Jennfer
July 2012
Bond Buyer;7/24/2012, Vol. 381 Issue 33752, p1
Trade Publication
The article focuses on an annual survey by the Council of Development Finance Agencies which indicates that private activity bond (PAB) issuance has declined by 13 percent in 2011. It mentions that 51 states and the District of Columbia have issued 12.8 billion dollars of PABs in 2011. It also informs that the drop in PAB was due to the programs offered by the American Recovery and Reinvestment Act of 2009 that increased the borrowing of insurers in 2010.


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