Experts claim Arizona would have paid less for SLGS

Hume, Lynn Stevens
February 1998
Bond Buyer;02/13/98, Vol. 323 Issue 30331, p1
Trade Publication
Discloses that Arizona would have saved between $50,000 and $75,500 if it had purchased state and local government series (SLGS) securities from the Treasury Department instead of open market Treasury securities from Rauscher Pierce Refsnes Inc. for the escrow for a $129.6 million refunding done in 1992. Rauscher's claim that the SLGS would have cost at least $61,000 more than the open-market securities.


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