Testing the Swap Waters

Shields, Yvette
October 2003
Bond Buyer;10/22/2003, Vol. 346 Issue 31745, p1
Trade Publication
Reports on the sale of the fixed-rate general obligation bonds of Illinois. Addition of tax-exempt debt portfolio; Reliance on traditional fixed-rate bonds and sales-tax to raise funds for the capital budget; Utilization of derivative products; Mechanism to lower interest rate.


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