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

Reynolds, Katherine M.
March 1998
Bond Buyer;03/02/98, Vol. 323 Issue 30341, p1
Trade Publication
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.


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