Montana student loan bond auctions fail again
| April 14, 2008 |  View for printing |
Nearly $400 million worth of auction bonds failed the past two weeks for auction bonds previously issued by the Montana Higher Education Student Assistance Corp. http://www.mhesac.org/jsps/index.jsp to finance student loans.
The failed auction bonds totaled $389.3 million — including $311.8 million in tax-exempt bonds and $77.5 million in taxable bonds, said Jim Stipcich, president and chief executive officer of the Student Assistance Corp., which is MHESAC’s business manager.
By CHARLES S. JOHNSON - IR State Bureau
Full Story: http://www.helenair.com/articles/200 ... 4_bonds.txt
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