GEDA eyes session for bond involvement - KUAM.com-KUAM News: On Air. Online. On Demand.

GEDA eyes session for bond involvement

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by Sabrina Salas Matanane

Guam - Watching this month's session proceedings closely and perhaps even participating if called upon is the Guam Economic Development Authority. If the bond is passed, GEDA would be the lead agency seeing the process through.

Guam Economic Development Authority Administrator Karl Pangelinan told KUAM News, "Looking at the timing, we're looking at the financing timing and take in account the ratings, presentations, the pre-marketing of the bond and work with our experts in terms of when to access the market, when is the best time to go in terms of anticipated rates."

Pangelinan says the agency has been consumed with the bond proposal but once its put to bed, they hope to refocus their efforts on actual economic development, adding the agency is looking at an aggressive fourth quarter scheduled with trade missions scheduled for example in the Southeast Asia region to attract foreign investment and development.

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