EAST RUTHERFORD, NJ—Sentiment among investors and bond buyers is mixed on a plan to issue as much as $800 million in public bonds to help complete the American Dream entertainment and retail complex here, according to a published report.
According to a report in The Record, investors and analysts believe on the one hand that said there could be significant investor interest in American Dream bonds, however, they also raised concerns about the size of the offering and whether the promised investment return would be sufficient.
“There's no doubt the market has been weak,” says James Colby, portfolio manager and senior municipal strategist at the investment firm Van Eck Global. “They'll have to do a very good selling job of convincing buyers.” See story in The Record.
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