Many issuers put their deals on hold, waiting for conditions to meet targets
- Panelists Discuss Ups and Downs of Muni Derivatives. McDonald, Michael // Bond Buyer;6/29/2001, Vol. 336 Issue 31171, p4
Discusses the views of a panel on municipal derivatives at 'The Bond Buyer' periodical's 8th New England Public Finance/Higher Education Finance held in Boston, Massachusetts. Preparation for market anomalies; Increase in the number of municipal derivative deals; Use of Interest-rate swaps;...
- Conservative Issuers in Maryland Take Cautious Approach to Swaps. Newman, Emily // Bond Buyer;10/4/2004, Vol. 350 Issue 31982, p1
Reports on the approach of municipal bond issuers in Maryland to interest-rate swaps. Swap legislation in the state; Reasons of municipal bond issuers for entering into swaps; Risks involved in swap agreements.
- Louisiana Launches a Forward-Looking Bond. Lemov, Penelope // Governing;Apr2007, Vol. 20 Issue 7, p56
The article reports on the decision of Louisiana to use the forward-delivery contract and the competitively bid interest rate swap in marketing its $485 million municipal bond. It notes that the state used a forward-delivery contract because it knew what it planned to do with the bond money and...
- Fleecing Pensioners to Save the Banks. BROWN, ELLEN // Progressive Populist;9/1/2013, Vol. 19 Issue 15, p9
The article looks at the bankruptcy of Detroit, Michigan and the systemic risk it poses to Main Street, local governments and the contractual rights of pensioners as well as the municipal bond system. It cites the priority given to the Bank of America Corp. and UBS AG over the pensioners for...
- Judge to Rule on Venue Change in SEC's Alabama Case. Ackerman, Andre // Bond Buyer;2/4/2008, Vol. 363 Issue 32807, p33
The article reports that the legal dispute testimony sought by the U.S. Securities and Exchange Commission from the mayor of Birmingham and a broker-dealer has moved a step forward on February 5, 2008 when a judge in Miami hears arguments on a motion to transfer the case to a federal court in...
- Departing Chicago, Scott Sees Legacy of 'Meaningful Progress'. Shields, Yvette // Bond Buyer;5/5/2015, p1
Chicago's chief financial officer, Lois Scott, and municipal market participants, look back on her tenure as she prepares to leave the office after four years.
- Wall and Main Streets Talk Past Each Other. Ward, Andrew // Investment Dealers' Digest;3/12/2010, Vol. 76 Issue 10, p9
Information about the topics discussed during the first municipal finance conference of Bloomberg LP held in the San Francisco Bay Area, California is presented. Participants of the conference like municipal bond investors and analysts discussed municipal bonds, public budgets and interest rate...
- SEC, SIFMA in Slugfest Over Municipal Swaps. Hume, Lynn // Bond Buyer;8/28/2008, Vol. 365 Issue 32950, p1
The article reports on the argument between the U.S. Securities and Exchange Commission (SEC) and the Securities Industry and Financial Markets Association Inc. (SIFMA) over the extent to which the SEC has authority concerning interest rate swap transactions. It highlights the case involving the...
- Vernon, Calif., to Price $110M. Webster, Keeley // Bond Buyer;7/2/2015, Vol. 1 Issue 34336, p1
Vernon, Calif., an industrial Los Angeles-area city, plans to issue $110 million in taxable electric revenue bonds for interest rate savings and to eliminate exposure to interest rate swaps.