TITLE

N.Y. power agency's $506 million deal would be biggest tax-exempt swap

AUTHOR(S)
Reynolds, Katherine M.
PUB. DATE
March 1998
SOURCE
Bond Buyer;03/02/98, Vol. 323 Issue 30341, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Focuses on the New York Power Authority's plan to enter into a tax-exempt municipal swap worth $506 million. Refinancing of a complicated portfolio of outstanding bonds; Forward starting interest-rate swaps to hedge some of the potential interest-rate risk associated with the refinancing; Development of a list of qualified swap counterparties.
ACCESSION #
309973

 

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