TITLE

Issuers Increasingly Took a Variable Route

AUTHOR(S)
Walker, Susanne
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/14/2005, Vol. 351 Issue 32070, p3A
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that municipal bond issuers have reduced their appetite for fixed-rate debt and diverted their attention to the use of variable-rate securities in 2004 in the United States. Use by issuers of the swap market to swap from floating rate to fixed rates in order to lock in long-term rates; Maturity of variable-rate debt; Lack of figures on the prevalence of the use of swaps.
ACCESSION #
16144515

 

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