bond financing

NTTA say their latest bond sale - just over a billion dollars - was a success because it was heavily oversubscribed. Paul Wagerman, NTTA chairman is quoted: "The success of this sale is indicative of investor confidence in the NTTA and the strength of our financial system. We look forward to another successful sale in the coming months to complete the refinancing of the remaining $725 million in BANs."

The latest bonds were oversubscribed by 150%, NTTA say.