TITLE

FLORIDA: Berkshire Cat Fund Put OK'd

AUTHOR(S)
Sigo, Shelly
PUB. DATE
August 2008
SOURCE
Bond Buyer;8/7/2008, Vol. 365 Issue 32435, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that State Board of Administration in Florida voted to spend $224 million to purchase a put option from Berkshire Hathaway Inc. Under terms of the put option, Berkshire guarantees to purchase up to $4 billion of tax-exempt bonds issued by the Florida Hurricane Catastrophe Fund Finance Corp.
ACCESSION #
33917513

 

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