TITLE

In Difficult Rate Climate, Banks Tailoring Libor Swaps

AUTHOR(S)
McDonald, Michael
PUB. DATE
May 2004
SOURCE
Bond Buyer;5/18/2004, Vol. 348 Issue 31886, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the points saved by the California Housing Finance Agency on Libor-based swaps using a formula based on historic variable tax-exempt interest rates in California. Sophistication of the municipal derivatives market; Prevention of the losses faced by other issuers on Libor-based swaps; Products developed by banks to address problems with rate compression.
ACCESSION #
13162695

 

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