Toronto Plans C$300 Million Bonds in First Half of 2014
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Toronto will probably double borrowing to C$600 million ($570 million) in 2014 from this year, with half the issuance coming in the first six months, according to the city’s chief financial officer.
“Investors keep calling us asking us when are we going to do another debenture issue because they want to buy our bonds,” Rob Rossini, deputy city manager and CFO, said in an interview. “There’s strong demand for municipal bonds in general and strong demand for our bonds as well.”