Demand weak for prison bonds Underwriters handling bonds to build new Alabama prisons are having trouble finding investors. A lawsuit filed by prisoners, demanding that money be used to improve conditions before covering interest on bonds, has dampened interest, experts say. As of Tuesday, the bond deal was running about $200 million behind of the…
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Underwriters were short around $200 million of orders on the state's prison bond deal as of Tuesday. Demand was weak for the 30-year maturity in particular.
