Alternative yield-burning approach would exempt 75% of early '90s deals

Hume, Lynn Stevens
March 1998
Bond Buyer;03/09/98, Vol. 323 Issue 30346, p1
Trade Publication
Reports that advance bond refundings in the United States between 1990 and 1995 are not subject to enforcement action by federal regulators for yield-burning abuses. Alternative to the US Internal Revenue Service's revenue procedure; Effort by groups to reach consensus on set of factors that can be used to decide on advance refundings.


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