Southern Methodist University Ponies Up $85M for First Swap

Albanese, Elizabeth
February 2006
Bond Buyer;2/28/2006, Vol. 355 Issue 32328, p30
Trade Publication
The article discusses the privilege of Southern Methodist University near Dallas, Texas of a fixed rate, that was locked in November with a forward swap with Lehman Brothers, as it goes to market with an $84.7 million variable-rate issue of higher education revenue bonds. The variable-to-fixed rate swap is based on Libor's London Interbank Offered Rate of 67 percent.


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