ACA Capital Insures Two Tribal Bond Issues Valued at $47.9 Million.Bond Buyer Names Aleutian Pribilof Transaction Winner of Small Issuer, Far West 2006 Deal of the Year Award NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- ACA ACA - Application Control Architecture Capital Holdings, Inc. (NYSE NYSE See: New York Stock Exchange : ACA) today announced that its "A" rated financial guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. insurance subsidiary, ACA Financial Guaranty Corporation, had recently assisted two Native American tribes in accessing the capital markets by insuring two separate bond issues valued at a total of $47.9 million. In one transaction, the Aleutian Pribilof Islands Pribilof Islands (prĭb`ĭlŏf'), group of four volcanic islands, off SW Alaska in the Bering Sea, c.230 mi (370 km) N of the Aleutian Islands; explored and named in 1786 by Gerasim Pribilof, a Russian navigator. The larger islands, St. Association used tax-exempt financing to construct a new Anchorage office building that will provide the tribe with a modern headquarters as well as serve as a cultural center to preserve and maintain the Aleut peoples heritage. The Bond Buyer awarded the $17.9 million deal, issued by Aleutians East Borough, Alaska Aleutians East Borough (IPA pronunciation: [ə'luʃəns]) is a 2nd class borough located in the U.S. state of Alaska. The borough seat is Sand Point. As of the 2000 census the borough had a population of 2,697. as a conduit for the Association, as the winner in the small-issuer category for the Far West in the 2006 Deal of the Year Award. In another transaction, The Cherokee Nation issued its Health Care System Bonds, Series 2006 in the amount of $30.0 million. The bonds were sold to finance the construction of two medical clinics for tribal members in Oklahoma. ACA Capital is a holding company that provides asset management services and credit protection products to participants in the global credit derivatives markets, structured finance capital markets and municipal finance capital markets. ACA Capital's asset management services are provided through its asset management subsidiary, ACA Management, L.L.C., and its credit protection products are provided through its "A" rated financial guaranty insurance subsidiary, ACA Financial Guaranty Corporation. More information can be found at www.aca.com. |
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