TITLE

For Issuers, Methods Vary in Finding and Managing Interest Rate Swaps

AUTHOR(S)
Chang, Helen; D'Ambrosio, Jill
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 use of interest rate swaps in the public finance sector in the U.S. Consideration of the diversity of the city's portfolio and the upfront cash received from entering a swap agreement; Use of swap consultants to help monitor the effectiveness and value of its ongoing swaps; Choice of municipal issuers to enter into a swap agreement through negotiation or through a competitive bid.
ACCESSION #
13162701

 

Related Articles

  • Hillsborough County, Fla., Dumps Swap for New Refundings. Sigo, Shelly // Bond Buyer;03/26/2001, Vol. 335 Issue 31104, p39 

    Reports on Hillsborough County, Florida officials' plan to terminate a forward interest rate swap negotiated in 1998 with Merrill Lynch & Co. to avoid a yield of 6.36 percent on the country's 1991 wastewater utility system revenue bonds. Plans of county finance officials to refund utility...

  • L.A. Officials Predict 12% Savings On $320M Wastewater Refunding. Saskal, Rich // Bond Buyer;3/24/2006, Vol. 355 Issue 32346, p34 

    The article reports on the prediction of 12 percent present-value savings on a planned 320 million dollars wastewater refunding by the city of San Francisco, California. The city swapped about 250 million dollars in connection with the 2003 convention center deal. The author stresses that the...

  • interest rate swap.  // International Dictionary of Finance, 4th Edition;2003, p138 

    A definition of the term "Interest-Rate Swap" is presented. It refers to a transaction under which two streams of interest rate payments are exchanged. The purpose is to enable a lower-class borrower to benefit from the better interest rate available to a higher-class borrower. It is also...

  • Texas Selling $6.6B of Trans Through New Private-Label Bidding Site. Albanese, Elizabeth // Bond Buyer;8/23/2004, Vol. 349 Issue 31953, p3 

    Reports on the tax and revenue anticipation deal of Texas that marks the debut of a private-label electronic bidding site. Venture of the state into online note sales; Benefits of the deal for the finances of the state; Description of the nature of the state's biennial budgeting period.

  • SEC Asks Jefferson Co., Ala., About $4B of Swaps, Warrants. Hume, Lynn; Sigo, Shelly // Bond Buyer;9/24/2004, Vol. 349 Issue 31976, p1 

    Reports on the U.S. Securities and Exchange Commission's launch of an inquiry into the interest-rate swaps that Jefferson County, Alabama has entered into in connection with a comparable amount of sewer revenue warrants that the county sold. SEC examiners' request for copies of all documents...

  • Florida Transportation Agency Turns to Swaps. Sigo, Shelly // Bond Buyer;11/6/2006, Vol. 358 Issue 32502, p1 

    The article reports that the Orlando-Orange County Expressway Authority in central Florida has entered into a number of swaps to lock in nearly $39 million interest rate savings. The transaction's purpose and interest rate of the swaps lock is included. A list of finance committee who are...

  • Pennsylvania Swapping. O'Brien, Elizabeth // Bond Buyer;11/28/2005, Vol. 354 Issue 32266, p1 

    The article reports on the multi-million dollar interest rate swaps engaged by local bond issuers since the state passed a law allowing school districts and other municipalities to tap the swap market in Pennsylvania. Swaps could prove useful for hedging interest rates as long as issuers...

  • Morgan Keegan Wins Competitive Louisiana Swap Worth $485M. DeSue, Tedra // Bond Buyer;12/27/2006, Vol. 358 Issue 32536, p5 

    The article reports on the completion of Louisiana officials of a forward interest-rate swap with Morgan Keegan & Co. It has been said that the transaction will allow the state to achieve significant savings to finance road and highway improvements. According to reports, Louisiana's swap enabled...

  • Detroit Mayor Offers $3.6B Budget With Lots of Layoffs, Possible Leases. Devitt, Caitlin // Bond Buyer;4/15/2009, Vol. 368 Issue 33098, p28 

    The article reports on the 2010 budget unveiled by Detroit Mayor Ken Cockrel that includes a slew of layoffs with the possibility of leasing city assets in Michigan. It notes that Cockrel and chief financial officer Joseph Harris urge the council to approve an ordinance that would allow Detroit...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics