North Carolina municipal utility takes on tax risk in swap
- Firms get piece of Denver swap in return for 'pain and agony'. Preston, Darrell; McDonald, Michael // Bond Buyer;08/09/99, Vol. 329 Issue 30700, p1
Reports on Denver, Colorado's interest rate swap on $200 million of outstanding bonds dating back to 1991. Financing of the city's international airport; Competitive bid held by Denver, Colorado.
- Massachusetts joins select company by engaging in hefty interest rate swap. Reynolds, Katherine M. // Bond Buyer;07/28/97, Vol. 321 Issue 30196, p1
Reports on Massachusetts' interest rate swap transaction on general obligation bonds. Sale of additional variable-rate refunding bonds; Swap back to a fixed-rate obligation; Estimated present value savings generated by the swap for the state.
- Volusia County, Fla., approves plan, keeps its options open in dual bid. McDonald, Michael // Bond Buyer;05/17/99, Vol. 328 Issue 30642, p32
Announces the Volusia County council's approval of plans to price the sale of an option on an interest rate swap on $31 million of airport revenue bonds in Florida, that can be called after October 2000. Expected date for the competitive bid to sell; Option of choice in two potential swap deals...
- Use of interest rate swaps to cut financing costs on the rise among issuers. Goldsmith, Steve // Bond Buyer;05/22/98, Vol. 324 Issue 30399, p37
Focuses on the growing popularity among bond issuers of turning to interest-rate swaps as a tool to cut debt service costs. Total swap volume in the United States for the first quarter of 1998; Comment by Michael W. Kelly, managing director with Ambac Assurance Corp.; Benefits of such swaps.
- Low rates, flat yield, spark move to forward delivery on bonds and swaps. McEntee, Christopher // Bond Buyer;06/22/98, Vol. 324 Issue 30419, p1
Discusses the dispute among issuers and financial advisers on time-delayed financing techniques they can use to lock in savings on bonds that are no longer eligible for advance refundings. Forward-starting interest rate swaps entered into by issuers; Key West Utility Board's forward-delivery...
- Detroit Hopes to Keep Its $500 Million Water Deal Pure. Devitt, Caitlin // Bond Buyer;12/14/2011, Vol. 378 Issue 33632, p1
The article focuses on the 500 million dollar senior-lien water and sewer bonds marketed by Detroit in Michigan. The deal hopes to relieve the fiscal problems of the city over the uncertainties of water and sewer service funding due to the bankruptcy in Jefferson County, Alabama. The proceeds of...
- Michigan State Offering $229M to Refund, Pay Swap Fees. Devitt, Caitlin // Bond Buyer;5/4/2010, Vol. 372 Issue 33310, p6
The article reports on the move of the Michigan State University to offer 229 million dollars of general revenue bonds to refund its outstanding variable-rate debt, commercial paper and pay termination fees of the interest rate swaps.
- Denver airport considers forward swap. McDonald, Michael // Bond Buyer;07/12/99, Vol. 329 Issue 30680, p26
Reports on the plans of Denver International Airport for a forward interest rate swap on some $200 million in bonds. Refunding of the bonds in question in 1999; Structure of the bonds.
- Port to Unveil New Intermediate Lien for Seattle-Tacoma Airport. Saskal, Rich // Bond Buyer;6/15/2005, Vol. 352 Issue 32154, p1
This article reports that the Port of Seattle plans a market debut next week for a new intermediate-lien revenue bond designed to further the capital plans of its Seattle-Tacoma International Airport while it works to ease the financial burden on its airline tenants. According to chief financial...