New York Power Authority Enters New Swap Contract With Merrill Lynch
- Interest rate swaps may solve long-term liability dilemma. Calio, Vince // Pensions & Investments;2/21/2005, Vol. 33 Issue 4, p21
The article suggests that for corporate pension funds, the use of interest rate swaps might be the answer to getting the albatross of long-term liabilities off their necks. Research analysts at Merrill Lynch & Co. Inc. are proposing in a new paper that corporate pension funds use interest rate...
- INTEREST RATE SWAPS. Tostee, Michael // Finweek;3/20/2008, Special section p18
The article provides information on interest rate swap. According to the author, a plain vanilla interest swap is an exchange between two counterparties of fixed and floating rates of interest. Interest rate swaps will usually happen between one party who can raise floating rate funds fairly...
- N.Y. power agency deal is the largest muni swap ever. Reynolds, Katherine M. // Bond Buyer;03/18/98, Vol. 323 Issue 30353, p1
Reports on the volume of New York Power Authority's swap transactions. Pricing of transactions; Total of interest-rate swaps; Issue of portion of bonds in refunding on taxable basis; Bidding structure allowing officials to swap counterparties.
- Analysts: Swaps to cover drop in variable-rate demand notes. McEntee, Christopher // Bond Buyer;07/06/98, Vol. 325 Issue 30428, p32
Reports on the rise in synthetic floating-rate products and swap activity in the United States. Decline in the volume of variable-rate demand notes (VRDN); Rise in programs that synthetically create short-term debt; Swap providers as active generator of variable-rate debt; Variable-rate debt...
- Seeking Fixed Rate on Rans, California Makes Rare Swaps. McDonald, Michael // Bond Buyer;10/2/2001, Vol. 338 Issue 31235, p6
Reports the interest swapping of floating rate notes entered by the state of California. Purpose of the swapping; Winner of the bidding; Impact of the deal on the finances of the state.
- Fraud Claim Against Merrill Thrown Out. // American Banker;4/12/2010, Vol. 175 Issue 55, p12
This article notes that the New York State Supreme Court Justice Bernard Fried dismissed five of the six claims made against the financial services company Merrill Lynch & Co. by the bond insurance company MBIA Inc. in a lawsuit related to credit default swaps on April 9, 2010.
- Florida County Braves Market for Swap. McEntee, Christopher // Bond Buyer;10/05/98, Vol. 326 Issue 30492, p25
Reports that Hillsborough County, Florida fetched $20.8 million from Merrill Lynch Capital Services for a forward-starting interest-rate swap sold on utility revenue bonds. Braving of the turbulent fixed-income market to bid the swap; Dollar value.
- Agency Seeks ARS Exchange. Ackerman, Andrew // Bond Buyer;11/16/2009, Vol. 370 Issue 33217, p1
The article reports on the move of student loan lender Brazos Student Finance Corp. to ask institutional investors to tender illiquid auction-rate securities (ARS) for floating-rate notes in the U.S. It states that Morgan Stanley & Co. and Merrill Lynch & Co. are working wih the lender regarding...
- Merrill's Downgrades Affecting TOBs. Hanson, Matthew; Posner, Maythew // Bond Buyer;10/30/2007, Vol. 362 Issue 32744, p1
The article reports on the impact of the downgrades of Merrill Lynch & Co.'s corporate credit on the municipal bond market in the U.S. According to the author, some industry executives believe that the downgrades to the corporate credit of the company have negatively affected tender-option bonds...