BlackRock, Inc. BLK announced today that the BlackRock Build America Bond Trust BBN has completed pricing its common share initial public offering, which will close on August 31, 2010, raising approximately $1.015 billion. The total amount raised could be increased to approximately $1.165 billion assuming full exercise of the underwriters' overallotment, which may not occur.
BBN is a non-diversified closed-end registered investment company that invests primarily in taxable municipal securities known as "Build America Bonds."
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in