Munis Flat to Firmer as AMP Deals BABs

Scarchilli, Michael
October 2009
Investment Dealers' Digest;10/2/2009, Vol. 75 Issue 37, p12
Trade Publication
The article reports that the municipal market has become firmer due to the move of American Municipal Power Inc. (AMP) to deal 386.6 million dollars worth of Build America Bonds in the U.S. It mentions that the bonds were ascertained to yield between 190 and 250 basis points over the comparable Treasury yield and considered to have a make-whole call of plus 30 basis points. It affirms that Merrill Lynch & Co. has sold the bond to AMP at 470.7 million dollars.


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