Connecticut Enters Into Swap on Behalf of Bradley Airport

Johnson, Marthew
March 2006
Bond Buyer;3/31/2006, Vol. 355 Issue 32351, p38
Trade Publication
The article reports that Connecticut has entered into swap on behalf of Bradley International Airport to lock in current yields for refunding bonds the state will issue in 2011. The transaction was divided into two bid interest-rate swaps between Goldman Sachs & Co. who won the opportunity to swap an amount of 91.4 million dollars and Banc of America Securities LLC will swap a 60.9 million dollars. The state estimates that swap will save 900,000 dollars over a 20-year period.


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