Montana student loan bond auctions fail again

Nearly $400 million worth of auction bonds failed the past two weeks for auction bonds previously issued by the Montana Higher Education Student Assistance Corp. http://www.mhesac.org/jsps/index.jsp to finance student loans.

The failed auction bonds totaled $389.3 million — including $311.8 million in tax-exempt bonds and $77.5 million in taxable bonds, said Jim Stipcich, president and chief executive officer of the Student Assistance Corp., which is MHESAC’s business manager.

By CHARLES S. JOHNSON – IR State Bureau

Full Story: http://www.helenair.com/articles/2008/04/14/top/70st_080414_bonds.txt