North Carolina municipal utility takes on tax risk in swap

McDonald, Michael
April 1999
Bond Buyer;04/12/99, Vol. 328 Issue 30617, p25
Trade Publication
Features the interest rate swap executed by the North Carolina Municipal Power Agency Number One on nearly $90 million worth of revenue bonds. Tax risk in the deal; Aim to gain higher savings; Aspects of the hedge swap negotiated with Goldman Sachs & Co.; Concern that the state Legislature will deregulate the market.


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