N.Y. MTA cashing in on low rates with swaption bid

McDonald, Michael
February 1999
Bond Buyer;02/22/99, Vol. 327 Issue 30583, p24
Trade Publication
Presents news briefs concerning derivative securities in the United States as of February 22, 1999. Moody's Investors Service's assignment of a Aaa short-term rating to $13.1 million in floating option tax-exempt receipts issued by Merrill Lynch & Co.; New York Metropolitan Transportation Authority's offering of about $30 million derivatives transaction. INSET: Moody's Gives AAA to Merrill Lynch 'P-Floats'.


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