Investors Warm to WPPSS Bonds: Apparently unconcerned...
From Times Staff and Wire Reports
Investors Warm to WPPSS Bonds: Apparently unconcerned over the spectacular 1983 bond default by the Washington Public Power Supply System, investors snapped up the new WPPSS refunding bond issue. Underwriters had set a preliminary pricing of $738 million for WPPSS projects one and three refunding bonds, but the issue was oversubscribed. The strong demand is expected to increase the size of the issue to about $835 million to $840 million and to decrease yields, officials said.
