The introduction of the Euro has created a strong incentive for the development of mortgage bond
markets in Europe.
The offering of the first mortgage bonds
was not registered under the Securities Act of 1933, and the first mortgage bonds
may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933.
The Mortgage Bonds
were sold in two issues: $225 Million 7-1/4 percent Series due 2024 and $250 Million 5-5/8 percent Series due 2001.
Due to the illiquidity of the church mortgage bond
and church mortgage loan markets, the Fund may be limited in its ability to turnover its investments to obtain instruments with more attractive rates of return.
675 million Class II Single-Family Mortgage Bonds
Fitch also affirms the outstanding single family mortgage bonds
as of June 30, 2006 as follows:
AA' first mortgage bonds
, 'AA' preferred stock, 'AA' pollution control bonds
The $30 million 2006 series C single family mortgage bonds
are being issued under a supplemental indenture that pledges mortgage revenues, investment earnings, reserves and other trust funds to secure the bonds.
s (CCI) first mortgage bonds
from "A+" (Single-A-Plus) to "AA" (Double-A).
s (LGC) proposed issuance of $55 million first mortgage bonds
due June 2036.
NYSE: PPL) (PP&L) today offered two series of first mortgage bonds
to the public through an underwriting group consisting of CS First Boston, Morgan Stanley & Co.
25% first mortgage bonds
due June 1, 2036, of Northern States Power Company - Minnesota (NSPM).
9 /PRNewswire/ -- Baltimore Gas and Electric Company (NYSE: BGE) announced today the redemption of all $59,911,000 principal amount outstanding 7 1/4% Series due April 15, 2001 First Refunding Mortgage Bonds
12, 1994, it will redeem the entire outstanding principal amount of its 8-5/8% first mortgage bonds
due 1996 and the entire outstanding principal amount of its 9% first mortgage bonds
0 million single-family variable-rate mortgage bonds
, 2005 series H class I bonds, 'AAA/F1+'.