Tuesday, 19 June 2007

Marathon Oil Gulf Zone Bonds, Houston Deal Lead U.S. Tax-Exempt Bond Sales

(Bloomberg) -- Marathon Oil Corp., Wisconsin and
Houston will borrow a combined $2 billion in today's largest
sales of U.S. tax-exempt debt.

Marathon Oil will sell $1 billion of 30-year bonds through
Louisiana's St. John the Baptist Parish to expand the last new
refinery built in the U.S. Wisconsin will take bids from
underwriters for $600 million of state cash-flow notes due in a
year. Houston will offer $400 million of bonds to pay off
commercial paper for the city's water and sewer system.


Read more at Bloomberg Bonds News

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