U.S., California: Las Vegas train builder gets more time to sell private activity bonds

By Keeley Webster, The Bond Buyer; June 29, 2020

The California Infrastructure and Economic Bank approved a five-month extension for plans to price $3.25 billion in private activity bonds for a high speed train to Las Vegas.

DesertXPress Enterprises, whose parent company is Virgin Trains USA Inc., asked the IBank for the extension citing market turmoil caused by the pandemic, according to a staff report.

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