Attention All Swap Advisers: N.Y. State Agencies May Come Calling

McDonald, Michael
June 2004
Bond Buyer;6/30/2004, Vol. 348 Issue 31916, p1
Trade Publication
Reports that the Empire State Development Corp., one of the New York State authorities that is expected to participate in the Governor George Pataki's proposed floating rate swap program, is soliciting proposals for advisers to help with such deals. Requirements of state law in order to do swaps; Dorm Authority board's adoption of a resolution approving the swap plan; Plans of the budget division to do the synthetic floating-rate deals with the Wall Street banks that were counterparties on the synthetic fixed-rate deals.


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