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Poseidon Resources delays and increases PABs
22 July 2010
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[poseidon]
[san diego]
[barclays]
[PABs]
Poseidon Resources’ issuance of public activity bonds (PABs) to finance the construction of a desalination plant in Carlsbad, California has been delayed because the sponsor has not completed the project's underlying agreements. Last week, Standard and Poor’s suspended its BBB- rating of the financing deal...
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