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Los Angeles International Airport to issue more than USD1.6 billion in bonds

19-Aug-2009 10:36 AM

Los Angeles International Airport announced plans to issue more than USD1.6 billion in bonds to fund renovations at the airport (AP, 18-Aug-09). The bonds will be used to fund:

  • Construction of a new taxiway and firefighting facilities, general airport improvements: USD700 million;
  • Refinance bonds that have been sold to pay for other airport improvements: USD925 million.