California Picks IMAGE For $1B Swap
- Atlanta Asks Adviser IMAGE for Assurances. Hanson, Matthew // Bond Buyer;12/21/2006, Vol. 358 Issue 32533, p1
The article reports on the request of Atlanta officials for an extra assurance from its swap adviser, Investment Management Advisory Group Inc. (IMAGE) before proceeding to a $436 million interest rate swap with four different counter-parties in Georgia. The issuer had already started working on...
- Firms get piece of Denver swap in return for 'pain and agony'. Preston, Darrell; McDonald, Michael // Bond Buyer;08/09/99, Vol. 329 Issue 30700, p1
Reports on Denver, Colorado's interest rate swap on $200 million of outstanding bonds dating back to 1991. Financing of the city's international airport; Competitive bid held by Denver, Colorado.
- Massachusetts joins select company by engaging in hefty interest rate swap. Reynolds, Katherine M. // Bond Buyer;07/28/97, Vol. 321 Issue 30196, p1
Reports on Massachusetts' interest rate swap transaction on general obligation bonds. Sale of additional variable-rate refunding bonds; Swap back to a fixed-rate obligation; Estimated present value savings generated by the swap for the state.
- Conservative Issuers in Maryland Take Cautious Approach to Swaps. Newman, Emily // Bond Buyer;10/4/2004, Vol. 350 Issue 31982, p1
Reports on the approach of municipal bond issuers in Maryland to interest-rate swaps. Swap legislation in the state; Reasons of municipal bond issuers for entering into swaps; Risks involved in swap agreements.
- Connecticut Enters Into Swap on Behalf of Bradley Airport. Johnson, Marthew // Bond Buyer;3/31/2006, Vol. 355 Issue 32351, p38
The article reports that Connecticut has entered into swap on behalf of Bradley International Airport to lock in current yields for refunding bonds the state will issue in 2011. The transaction was divided into two bid interest-rate swaps between Goldman Sachs & Co. who won the opportunity to...
- North Carolina municipal utility takes on tax risk in swap. McDonald, Michael // Bond Buyer;04/12/99, Vol. 328 Issue 30617, p25
Features the interest rate swap executed by the North Carolina Municipal Power Agency Number One on nearly $90 million worth of revenue bonds. Tax risk in the deal; Aim to gain higher savings; Aspects of the hedge swap negotiated with Goldman Sachs & Co.; Concern that the state Legislature will...
- Volusia County, Fla., approves plan, keeps its options open in dual bid. McDonald, Michael // Bond Buyer;05/17/99, Vol. 328 Issue 30642, p32
Announces the Volusia County council's approval of plans to price the sale of an option on an interest rate swap on $31 million of airport revenue bonds in Florida, that can be called after October 2000. Expected date for the competitive bid to sell; Option of choice in two potential swap deals...
- Use of interest rate swaps to cut financing costs on the rise among issuers. Goldsmith, Steve // Bond Buyer;05/22/98, Vol. 324 Issue 30399, p37
Focuses on the growing popularity among bond issuers of turning to interest-rate swaps as a tool to cut debt service costs. Total swap volume in the United States for the first quarter of 1998; Comment by Michael W. Kelly, managing director with Ambac Assurance Corp.; Benefits of such swaps.
- Low rates, flat yield, spark move to forward delivery on bonds and swaps. McEntee, Christopher // Bond Buyer;06/22/98, Vol. 324 Issue 30419, p1
Discusses the dispute among issuers and financial advisers on time-delayed financing techniques they can use to lock in savings on bonds that are no longer eligible for advance refundings. Forward-starting interest rate swaps entered into by issuers; Key West Utility Board's forward-delivery...