SBJ/June 18 - 24, 2001/This Weeks Issue

Edwards at bat for N.M. bonds

A.G. Edwards & Sons Inc. has been named financial adviser and underwriter as the city of Albuquerque, N.M., prepares to sell $10 million in general obligation bonds to pay for the renovation of its 33-year-old Sports Stadium.

Albuquerque voters decided earlier this month to approve the expenditure, which paves the way for the Class AAA Calgary Cannons to move to New Mexico. In that same election, a proposal for a new downtown stadium was defeated.

A.G. Edwards & Sons already has been involved in this bid for the return of pro baseball to Albuquerque, having served as adviser in the deal between the city and the Cannons' ownership group.

Tim Offtermatt, managing director of investment banking at A.G. Edwards, said the bond sale probably will take place in the fourth quarter of this year.

— Steve Cameron

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