Tender-Option Bonds May Lose Popularity From Rate Increases

Fine, Jacob
May 2004
Bond Buyer;5/19/2004, Vol. 347 Issue 31887, p1
Trade Publication
Discusses the prospect for tender-option bond programs to lose popularity due to the increase in interest rates in the U.S. Comment from Dan Singer, managing director at Lehman Brothers Inc., regarding the matter; Impact of tender-option bond programs in the municipal bond market; Initiative of firms to restructure tender-option bond programs with lower-rated high-yield bonds.


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