TITLE

Jefferson County, Ala., unwinds its controversial swap, netting $4.5 million

AUTHOR(S)
Reynolds, Katherine M.
PUB. DATE
January 1998
SOURCE
Bond Buyer;01/12/98, Vol. 323 Issue 30308, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that Jefferson County, Alabama has terminated a $175 million interest rate swap, which netted the county $4.5 million over its 10-month life. Reasons why county commissioners decided to unwind the interest rate swap; Terms of the terminated interest rate swap; County's preference for long-term floating-rate liability.
ACCESSION #
122585

 

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