University of Texas Joins Forward-Delivery Bond Trend

Curran, Bill
March 2005
Bond Buyer;3/11/2005, Vol. 351 Issue 32088, p40
Trade Publication
Reports on the union of University of Texas with a growing number of issuers that recently have used forward-delivery bonds to capture savings from relatively low interest rates. Trading of the forward-delivery series as part of a triple-A rated multimillion refunding deal underwritten by J.P. Morgan Securities Inc. by the University of Texas Board of Regents; Advantages of the forward instrument; Impact of the single advanced refunding phenomenon on the bond market.


Related Articles

  • N.Y. EFC to Sell $188M of PIT Bonds for Projects, Refunding. Phillips, Ted // Bond Buyer;1/11/2007, Vol. 359 Issue 32546, p36 

    The article reports on the plans of the New York State Environment Facilities Corp. to sell taxable and tax-exempt bonds. The $188.5 million bonds are backed by state personal income tax for various environmental clean-up and improvement projects and refunding. The bonds will be used to finance...

  • Wisconsin Readies Competitive Deal Worth Up to $350 Million. Shields, Yvette // Bond Buyer;2/12/2007, Vol. 359 Issue 32566, p44 

    The article reports that Wisconsin is planning to enter the market with a competitive sale of as much as $350 million of new money and refunding transportation revenue bonds. The fixed-rate bonds will provide funds to finance various projects under the state's major highways program. An advance...

  • Ohio Commission Cancels Refunding, But Proceeds With Sale. Carvlin, Elizabeth // Bond Buyer;7/25/2005, Vol. 353 Issue 32181, p33 

    Reports that the Public Facilities Commission will bring about a multi-million dollars of new money to market but canceled plans to refund about 150 million dollars of bonds after market conditions shifted. Plans of the commission to issue a multi-million dollars of common schools new money...

  • Municipal Bond Prices Finish Firm; Merrill Lynch Wins $119M S.F. Loan (96%). Monsarrat, Sean // Bond Buyer;4/11/2002, Vol. 340 Issue 31363, p2 

    Reports on the plans of Merrill Lynch & Co. Inc. to acquire the general obligation refunding bonds of J.P. Morgan Securities Inc. at low interest cost in San Francisco, California. Yields offer for serial bonds; Prices of serial bonds; Value of bonds issued.

  • Calif. public works to try refunding. Monsarrat, Sean // Bond Buyer;03/02/99, Vol. 327 Issue 30589, p2 

    Focuses on a plan by the California State Public Works Board to sell refunding bonds on March 10, 1999. Estimated volume of bonds to be sold; J.P. Morgan Securities Inc.'s selection as senior manager of the loan in the negotiated sector.

  • Indiana power agency awaits the right rate for bond sale. Goldsmith, Steve // Bond Buyer;08/14/98, Vol. 325 Issue 30457, p27 

    States that the Indiana Municipal Power Agency will sell special obligation refunding bonds that will save the utility $1.8 million. Schedule of pricing by lead manager J.P. Morgan Securities; Investment of proceeds in American Treasuries.

  • Philadelphia Hopes to Save $27 Million on $207.5 Million Refunding. D'Ambrosio, Gillian // Bond Buyer;5/30/2003, Vol. 344 Issue 31646, p3 

    Philadelphia, Pennsylvania is looking to produce approximately 27 million dollars in present value savings through a 207.5 million dollars negotiated refunding deal that may take place in late June or in early July in 2003. The lease revenue bonds, to be sold through the Philadelphia Municipal...

  • NEW YORK: Bard College Selling $135M. Kaske, Michelle // Bond Buyer;4/9/2007, Vol. 360 Issue 32603, p9 

    The article reports on the plan of the Dutchess County Industrial Development Agency to auctioned $135 million of new-money and refunding revenue debt on behalf of Bard College. Bard's sale consists of two series including A-1 for about $96 million to refund former debt and A-2 for $93 million,...

  • Municipals Firm, Trading Moderate; $175 Million of Ohio GOs Repriced. Chesla, Nicholas // Bond Buyer;10/29/2002, Vol. 342 Issue 31501, p2 

    Reports developments on the bond market in the U.S. as of October 2002. Trading status of municipal bonds; Reduction in equities; Reprice of Ohio higher education general obligation bonds by J.P. Morgan Securities Inc.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics