Ambitious swaps net big savings for Massachusetts water agency

McDonald, Michael
February 1999
Bond Buyer;02/08/99, Vol. 327 Issue 30574, p1
Trade Publication
Reports on the Massachusetts Water Resources Authority's calculation that it gathered $27 million in savings by embedding four interest rate swaps into $400 million of debt sold during the winter of 1998-99. Agency's efforts to cut its interest costs; Agency's initial refund of $200 million in fixed-rate bonds.


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