Florida County Selling Two Swap-Related Deals Totaling $156 Million

Sigo, Shelly
June 2003
Bond Buyer;6/17/2003, Vol. 344 Issue 31658, p3
Trade Publication
Florida-based Hillsborough County is in the market on June 17, 2003 pricing $100 million of capital improvement junior-lien refunding bonds and will be back on June 19 pricing $56 million of utility refunding bonds. The county is taking advantage of low bond market interest rates to refund the two transactions, while exercising its options to terminate forward interest rate swaps on the two transactions with Bear Stearns Financial Products. Both sales are being insured by Financial Guaranty Insurance Co.


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