Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Businessweek Archives

Comfort From Orange County


In Business This Week

COMFORT FROM ORANGE COUNTY

SEVENTY-SEVEN CENTS ON the dollar: Not bad, not terrific, for investors in Orange County. Under a plan unveiled Feb. 7, agencies in the county pool would get 77% of their investment back in cash. School districts would get an additional 13% from notes issued later. Bond holders are guarded. "It's a first-blush proposal," says Peer Swan, chairman of the Irvine Ranch Water District, with $300 million in the pool. A settlement would free up over $600 million in reserves earmarked for bond payments due this summer.EDITED BY KEITH H. HAMMONDS


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus