Swaps May Be Key to Louisiana Relief

deSue, Tedra
June 2006
Bond Buyer;6/16/2006, Vol. 356 Issue 32404, p1
Trade Publication
The article reports on the attractiveness of swaps for funding recovery efforts for Hurricanes Katrina and Rita in Louisiana. Funding the recovery effort for these disasters with bonds could cause the state to exceed its debt limit in five years or less. This concern has forced officials to examine other ways to keep borrowing costs low.


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