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Re: Brightline West delays bond sale
Author: BONDITO
Date: 06-23-2021 - 14:32

10/19/2020

Fortress Investment Group LLC has delayed the pricing of $3.2 billion worth of municipal bonds, the proceeds of which would be used to finance construction of Brightline's high-speed rail service between southern California and Las Vegas.

The delay is a sign that investors are hesitant to finance the project during uncertain economic times, Bloomberg.com reported.

Underwriter Morgan Stanley had planned to price the deal Oct. 14.

No new date has been set.

Brightline has until Dec. 1 to sell the bonds under a deadline from California officials, who approved the company's request to sell tax-exempt debt, according to Bloomberg.

Dec 8, 2020 · Brightline can reapply for the bonds next year.

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Subject Written By Date/Time (PST)
  Brightline West delays bond sale EEE 06-23-2021 - 11:56
  Re: Brightline West delays bond sale Notso Brightline 06-23-2021 - 13:54
  Re: Brightline West delays bond sale BONDITO 06-23-2021 - 14:32
  Re: Brightline West delays bond sale Little feller of NJ 06-23-2021 - 19:42
  Re: Brightline West delays bond sale Ghoulardi 06-23-2021 - 21:22


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