Skahen said the county initially agreed to pay all of the rent for the office because the city at the time did not have its own local development corporation to raise money
by issuing bonds for nonprofit groups.
Not exact matches
Bonds get their «tax - free» status because the money raised
by the
bond issue is usually
for a «public good or service» such as schools or roads.
Conveniently, all three of these projections are
for 10 - year
bonds issued by the federal government, allowing
for an apples - to - apples comparison.
[105] On January 8, 2008, to address ongoing structural budget
issues, Governor Corzine proposed a four - part proposal including an overall reduction in spending, a constitutional amendment to require more voter approval
for state borrowing, an executive order prohibiting the use of one - time revenues to balance the budget and a controversial plan to raise some $ 38 billion
by leasing the Garden State Parkway, the New Jersey Turnpike, and other toll roads
for at least 75 years to a new public benefit corporation that could sell
bonds secured
by future tolls, which it would be allowed to raise
by 50 % plus inflation every four years beginning in 2010.
For instance, Mishkin (2012:1 and 24) explains that «in our economy, nonbank finance also plays an important role in channeling funds from lender - savers to borrower - spenders... Finance companies raise funds
by issuing commercial paper and stocks and
bonds and use the proceeds to make loans that are particularly suited to consumer and business needs.»
Many small - and medium - size banks are increasingly raising money
for loans,
bond purchases and other investments
by issuing wealth management products, and even some largely unregulated companies have begun
issuing wealth management products.
With funds managers holding about 15 - 20 per cent of assets in domestic
bonds, the change in the composition of household assets has translated into higher demand
for bonds — a demand which is no longer being met
by government
issues.
These days, they prefer to hold more profitable assets and earn fee income
by arranging
bond issues for companies.
Emerging companies While many high yield
bonds are
issued by former investment grade companies in decline, the high yield market also provides financing opportunities
for emerging companies seeking working capital
for expansion or to fund acquisitions.
Unlike the United States, Europe lacks a vibrant market
for corporate
bonds issued by smaller, riskier companies.
Foreign risk In addition to the risks mentioned above, there are additional considerations
for bonds issued by foreign governments and corporations.
He has also driven many financing deals, including financing
for the acquisition of ARM Holdings Plc. (world's largest chip architecture developer),
issuing mandatory exchangeable
bonds backed
by Alibaba Group Holding Limited (largest e-commerce company in the world), hybrid
bonds, and more.
The continent's pension funds, meanwhile, face a tougher challenge paying
for their members» retirement, as early September saw the world's first negative - yielding corporate
bonds,
issued by French pharmaceutical firm Sanofi and German cement maker Henkel.
There, she was part of the team that represented Champion REIT's manager
for the first convertible
bonds issue by a Hong Kong - listed REIT, which won the «Debt Market Deal of the Year» award at the 2007 ALB Hong Kong Law Awards.
Total green
bond deal volume in the global markets
for 2015 hit a new record of $ 39.5 billion
by November,
issued in 161 deals.
In 2016, PNC became a signatory to the Green
Bond Principles, guidelines managed
by the International Capital Markets Association that prescribe best practices
for underwriting and
issuing green
bonds.
As described in more detail in a recent article in the November RBA Bulletin, [6] Australian CDO
issues are mostly backed
by corporate debt, with corporate
bonds and loans accounting
for 57 per cent and 27 per cent respectively.
Manama - based GIB Capital remained active across the Middle East in 2013 despite political strife in Syria and Egypt, leading a string of deals including a $ 1.5 billion sovereign
bond issued by the government of Bahrain last October and a $ 53 million rights
issue for Middle East Specialized Cables in Riyadh in September.
Also called «munis»
for short, municipal
bonds are debt obligations
issued by a state, municipality, or a county to finance its capital expenditures, such as construction of highways, schools, hospitals, and...
The Municipal Securities Rulemaking Board (MSRB) writes investor protection rules and other rules regulating broker - dealers and banks in the United States municipal securities market, including tax - exempt and taxable municipal
bonds, municipal notes, and other securities
issued by states, cities, and counties or their agencies to help finance public projects or
for other public policy purposes.
There are many more applications of blockchain currently being adopted
by banks — Bank of America has filed numerous patents relating to using the technology
for conducting and settling transactions; Deutsche Bank is trialling a corporate -
bond platform that uses smart contracts to
issue and redeem
bonds; and DBS and Standard Chartered Banks are working on a trade - finance collaboration with Ripple to better track invoices and avoid invoice duplication.
For the first time ever, Germany's 10 - year government
bond yield recently fell below zero, joining negative government debt
issued by Japan, Switzerland and other countries.
Tax - exempt
bonds may be
issued under the Internal Revenue Code only
by limited types of issuers
for limited types of projects.
Bonds are normally
issued by companies or governments when they are in need
for a large amount of funds.
Below is a listing of official statements
for current and recent municipal
bond issues offered
by Edward Jones.
Out of the almost 5K investment - grade
bonds issued by S&P 500 companies, the tracked index
for the ProShares S&P 500
Bond ETF (SPXB) selects up to 1K...
Alibaba, China's leading e-commerce company, will pay approximately $ 214 million
for a 9.9 % equity stake in Hong Kong - listed Intime and subscribe to $ 478 million worth of convertible
bonds issued by Intime.
And
by maintaining a light debt load and locking in low interest rates through long - term
bond issues, management has prepared the business
for higher interest rates quite well.
Bonds have traditionally gone up in value
by 2 % — 5 % a year, hence why you see a $ 121 price
for the Agoura Hills
bond issued years ago.
The reaction of any person who begins to leaf through this illustrated chronicle of human gestation will surely be extraordinary as well, and the book should be helpful in promoting «
bonding» of all readers with all unborn babies, as it graphically documents the contention (made,
for example, in this
issue by William Saunders) that from zygote to embryo to fetus to birth, each human organism is nothing but human.
The first
bonds were
issued,
by ordinance,
for land acquisition and development of a southside park in 1931.
The District
issued $ 300,000 in
bonds by ordinance in December 1983,
for the first time since 1938,
for the purpose of land acquisition and to upgrade the computer system.
Philip McKenna, financial consultant
for Orland Park, told the village «s Planning and Economic Development Committee on Monday that creating a service area would enable the village to set up a funding mechanism
by issuing bonds so all water and sewer work could be completed at one time.
In December of 1972 the vote went against the Park District's referendum to
issue $ 2,550,000 in general obligation
bonds for park improvement and development including the construction of a fieldhouse at Dryden Park, land acquisition, the construction of a north side maintenance garage, and the construction of an indoor ice rink complex along with increasing the corporate tax rate
by.025 %.
LOCKPORT — Because of protests
by more than 2,900 people, the Lockport Township Park District on Monday night voted 3 - 1 to withdraw its plans to pay
for three major projects with a $ 6 million
bond issue.
At
issue was a proposal
by Oakdale Community Church to create a charitable remainder trust
for the Hartsing family, owners of the 117 - acre farm who stand to gain $ 5 million from the sale of the land if the Park District's
bond issue passes.
Enough residents of the Lockport Township Park District in northern Will County have signed petitions to force a referendum on a $ 6 million
bond issue planned
by park district officials to pay
for not only what they say is a much - needed new golf course, but a recreation center and major renovations to the district «s other facilities.
For the 3,700 homeowners within the Medinah Park District, the additional
bond issue will increase annual property taxes
by about $ 12 on a home with $ 150,000 assessed valuation, said Eagleton.
A request
by South Barrington's park district
for approval to
issue $ 1.4 million in
bonds to finance a new park was defeated 60 percent to 40 percent, according to unofficial results.
Park officials
issued bonds to pay
for the construction of the arena, but expect that the initial cost will eventually be repaid
by revenues generated from program and registration fees.
Last November, they defeated a $ 6.9 million
bond -
issue proposal
by the Gurnee Park District
for construction of an outdoor swimming pool and recreation center.
About $ 10 million of the district's money is earmarked
for the center, and the balance of the cost would be paid
for by the district
issuing bonds.
Legislation from Sen. Kathy Marchione and Assemblyman Steve McLaughlin would permit the village to
issue serial
bonds for «extraordinary expenses incurred
by the village as a direct result of the discovery of the contamination of the village's municipal water supply,» according to the bill memorandum.
Issuing bonds may be a necessity, but ultimately they have to be paid
for with increased taxes and fees or
by inflation devaluing the debts.
A debt ceiling means the treasury can't borrow more money
by way of
issuing new
bonds (see below
for some history).
The deficit amount has been certified
by the state comptroller, paving the way
for the town to
issue long - term
bonds to raise money.
While the city's
bond rating was downgraded to A +, the third - highest grade
issued by S&P Global Ratings, last year, the agency improved the city's outlook to «stable» due to the city increasing non-property tax revenues, decreasing discretionary spending and securing $ 12.5 million from the state that wasn't an advance on payments the state owes the city
for the Empire State Plaza.
The Post Bank - which would be established with government funding, supported
for example,
by the
issue of local
bonds, would offer a variety of finance services through post office branches and online - would address these key concerns.
A CDS or Repo Agreement is usually concerning a
bond issued by a private issuer, not a sovereign issuer
for which default risk is minimal.
Schools in Albany, Averill Park, Queensbury and Galway on Wednesday were among the first in the state to be awarded part of a $ 2 billion pool
for technology upgrades funded
by a 2014
bond issue.