Florida Power Deal Partially Unwinds Swaps

Sigo, Shelly
March 2006
Bond Buyer;3/23/2006, Vol. 355 Issue 32345, p1
Trade Publication
The article reports that the Florida Municipal Power Agency (FMPA) is in the midst of a $400 million transaction that involves the sale of fixed- and auction-rate revenue bonds. The deal also includes partially unwinding several forward swaps associated with the financing. FMPA aims to meet Florida's growing need for electricity and to hedge against rising energy prices.


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