Guam Debt Lags as Airport Plans First-in-Decade Sale: Muni Deals
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Guam’s only commercial airport is selling $247 million in debt this week as bonds from issuers in the U.S. territory are losing more than the market for the first time since 2008.
The deal from the A.B. Won Pat International Airport Authority in the island of 160,000 about 4,000 miles (6,436 kilometers) west of Hawaii would refinance bonds sold 10 years ago, when it last issued debt, documents show. Proceeds would also finance projects such as a new international arrivals corridor and security lanes.