TITLE

AFGI and Its Members Look for Ways to Tap European Market

AUTHOR(S)
Chang, Helen
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/7/2004, Vol. 350 Issue 32024, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the members of the Association of Financial Guaranty Insurers assembled with European institutional investors in London, England as part of an industry campaign to make headway in the European market. Unlike the U.S. municipal market--in which about 50% of municipal bonds issued every year are insured--insurers have achieved only about 10% penetration of the public finance market in Europe. While deals in Europe typically are larger more complicated, and more profitable than those done in the U.S., tapping that stream hasn't been easy.
ACCESSION #
15305652

 

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