The Native American Finance Officers Association (NAFOA) recently presented the Navajo Nation with its Deal of the Year Award for a groundbreaking $52.9 million general obligation bond issuance that will reshape how tribal entities finance public projects. Carter Ledyard corporate partner Steven Paul McSloy and associate Guy Ben-Ami represented Keybanc Capital Markets, which brought the Navajo Nation’s investment-grade rated tax-exempt bonds to market. The funds were used to refinance an existing bank loan that had been used to build courthouses and other public facilities on the Nation’ reservation.
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