NABL Submits Comments on Derivatives to Treasury Dept
- Delaware nonprofit, IRS settle. Resnick, Amy B. // Bond Buyer;01/29/99, Vol. 327 Issue 30568, p1
Reports on Delaware-based nonprofit organization Hospital Billing and Collection Service's (HBCS) settlement of unresolved tax issues with the United States Internal Revenue Service (IRS). Retention of the tax-exempt status for the remainder of variable-rate bonds issued by HBCS in 1985; Use of...
- Planned forward interest rate swap should save Florida County $31 million. Koning, Rachel // Bond Buyer;08/17/98, Vol. 325 Issue 30458, p33
Focuses on the plan by Hillsborough County, Florida for a forward interest rate swap to refund outstanding tax-exempt water and wastewater facility bonds. Notional value of the swap; Structure of the deal; Proposal for a change to the county's water and wastewater utility system senior...
- 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.
- North Carolina municipal utility takes on tax risk in swap. McDonald, Michael // Bond Buyer;04/12/99, Vol. 328 Issue 30617, p25
Features the interest rate swap executed by the North Carolina Municipal Power Agency Number One on nearly $90 million worth of revenue bonds. Tax risk in the deal; Aim to gain higher savings; Aspects of the hedge swap negotiated with Goldman Sachs & Co.; Concern that the state Legislature will...
- 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...