And while City Hall is in a holding pattern, BEL is rolling out its debenture offer to mop up all that excess liquidity in the banking system.
An announcement from the power company says that it has opened its $25 million dollar Series 5 Debenture Offer, which will offer an interest rate of 7 per cent for twelve years.
That 7% is significantly higher than interest rates on savings currently being offered at the banks.
To invest, you must buy at least one debenture valued at one hundred dollars.
The offer will close in a month's time.
You can find a copy of the prospectus on the Company's website or you can get a hard copy at BEL Offices.
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