California agency creates hybrid bond to make most of volume cap

Figler, Andrea
March 1999
Bond Buyer;03/29/99, Vol. 327 Issue 30608, p36
Trade Publication
Reports on the California Housing Finance Authority's creation of hybrid bonds from the merger of its home mortgage revenue bonds, capital appreciation bonds and planned amortization class bonds. Importance of the move to the agency's efforts to increase its share in the state's tax-free private-activity bond volume cap; Bond maturity; Attractiveness of the bond issue to investors.


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