Corby Capital Markets of Boston Purchases $38 Million in Lynn Water & Sewer Bonds

Corby Capital Markets, Inc., the Boston based investment bank specializing in tax-free municipal bonds announces their recent purchase of local bond issue for Lynn Water and Sewer Authority.

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Corby Capital Markets of Boston Purchases $38 Million in Lynn Water & Sewer Bonds

DATELINE: LYNN AND BOSTON, MA (PRWEB) OCTOBER 20, 2003--Corby Capital Markets, Inc., the Boston based investment bank specializing in tax-free municipal bonds announces their recent purchase of local bond issue for Lynn Water and Sewer Authority.

On Wednesday, October 16th, Corby Capital Markets purchased $38,600,000 Lynn Water and Sewer Authority General Revenue Bonds in the open competitive market. The Lynn Water and Sewer bond issue is the twentieth Massachusetts issue that Corby Capital Markets has purchased as sole underwriting manager in 2003.

This just further reinforces our commitment to be the leading regional player in the New England Municipal Bond Market," noted Howard Salend, Senior Vice President of Trading and Underwriting at Corby Capital Markets. He continued, Our presence in Boston is one of our competitive advantages over the bigger firms in New York City."

A nationally recognized leader in the underwriting, trading and distribution of fixed-income securities to institutional investors, Corby Capital Markets was identified as the leading regional dealer buying local issues in this region for all of 2002" by The Bond Buyer.

Established in 1975, is a nationally recognized leader in the investment, underwriting and distribution of fixed-income securities. Corby Capital provides bank trust departments, investment counseling firms, money managers, insurance companies and private investors with exceptional access to a broad range of domestic fixed-income markets including municipal bonds, government agencies, corporate bonds and mortgage-backed securities.

Corby Capital Markets, Inc. averages more than $4 billion annually in tax-free bond trading volume. In 2002, Corby Capital was the sole senior underwriter on 43 municipal bonds issues in New England totaling in excess of $500 million. Corby Capital remains locally owned and operated in New England and is one of the last investment banks to keep a trading floor in New England. Corby Capital is a member NASD.

Corby Capital is located at 10 High Street, Boston, MA. For more information, call Toll Free 800-736-7076 or 617-482-8780 or visit our website at www.corbycapital.com.

The information provided is neither financial advice nor a recommendation, offer, or solicitation to engage in a financial transaction. Corby Capital Markets, Inc. makes no representation concerning its accuracy, completeness or fairness. The past performance of a market measure or instrument does not guarantee or predict future performance. Opinions and estimates may change without notice. The trade ideas described in this document are not appropriate for everyone, so a party must make its own independent legal, tax, accounting, and financial evaluation of the merits and risks of such ideas before seeking to implement them. This information should not be reproduced or circulated without Corby Capital Market's express written consent. Furthermore, all offerings are subject as to availability and pricing.
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