Missouri Slams Brakes on Refunding Deal

Shields, Yvette
July 2001
Bond Buyer;7/19/2001, Vol. 337 Issue 31184, p4
Trade Publication
Reports the refunding deal between debt managers and investment banking firms for the escrow in Missouri. Rejection of the deal by debt manager Mark Kaiser; Reasons behind the withdrawal; Suggestion of the regional investment banking firm on refunding the bond issued by the Southeast Missouri Correctional Facility.


Related Articles

  • Texas bars put option escrows for school district refundings. Preston, Darrell; Reynolds, Katherine M. // Bond Buyer;03/16/98, Vol. 323 Issue 30351, p1 

    Reports on the Texas attorney general's office will no longer approve bond refundings for school districts involving put option contracts and similar structures. Contents of a memo distributed to bond counsel across the state; Decision of the DeSoto Independent School District to abandon its...

  • IRS Identifies 24 Issuers That May Have Done Yield Burning. Barnett, Susanna Duff // Bond Buyer;4/30/2004, Vol. 348 Issue 31874, p5 

    Reports on the identification of the Internal Revenue Service (IRS) of several issuers that may have violated arbitrage rules in advance refunding transactions by engaging in yield burning in the U.S. Consideration of counting the cost of a put option in an advance refunding defeasement escrow...

  • IRS to Audit 90 Advance Refundings. Barnett, Susanna Duff // Bond Buyer;10/14/2004, Vol. 350 Issue 31989, p1 

    Reports that the United States Revenue Service (IRS) plans to audit several bond refundings to check issuers' compliance with rules governing interest that can be earned on the escrow securities. Number of refundings to be audited; Correspondence examination program of the tax-exempt bond...

  • On Heels of Bond Rally, Puerto Rico Utility's Refunding Grows to $210M. D'Ambrosio, Jill // Bond Buyer;8/10/2004, Vol. 349 Issue 31944, p40 

    Reports that the Puerto Rico Electric Power Authority has added $85 million of power revenue bonds to the $125 million refunding it had already planned for pricing on August 10, 2004. Investment banks involved in the deal; Bond market rally on August 7, 2004; Credit ratings given by Standard &...

  • MassDevelopment to Weigh Underwriters for Refunding. Kaske, Michelle // Bond Buyer;2/2/2007, Vol. 359 Issue 32560, p32 

    The article reports on the search of the Massachusetts Development Finance Agency of underwriting services for its subsidiary, the Saltonstall Building Redevelopment Corp. The agency will review proposals for investment banking services in anticipation of a refunding on the agency's 2002 Series...

  • Primary Led by Three Hefty Issues Adding Up to $4 Billion. Scarchilli, Michael; Posner, Matthew // Bond Buyer;2/12/2007, Vol. 359 Issue 32566, p7 

    The article reports that volume in the primary market in the U.S. is expected to hold steady led by three issues totaling about $4 billion. In the largest scheduled transaction, Citigroup Investment Banking is expected to price about $1.75 billion of new and refunding bonds for the Puerto Rico...

  • Atlanta Mayor: Bonds a Go. DeSue, Tedra // Bond Buyer;1/13/2003, Vol. 343 Issue 31551, p1 

    Reports on the plans of Atlanta's mayor, Shirley Franklin, to deal with bond-funded projects following improvements in the city's economic conditions. Projects that will be undertaken by the city; Need for renovation of the city; Ratings of the city by ratings agency in terms of its economic...

  • Oklahoma County Refunding Raises Eyebrows Over Fees. Williamson, Richard // Bond Buyer;3/11/2003, Vol. 343 Issue 31590, p1 

    Reports on a controversy related to multimillion refunding deal in Canadian County, Oklahoma. Comments of the financial advisor on the controversy; Negotiated deal overcame by the county in December 2002; Overview of the competitive and negotiated bond sales for the county.

  • Refunding on Mt. Sinai Missed Payments Trigger New Chicago Hospital Deal. Shields, Yvette // Bond Buyer;9/10/2003, Vol. 345 Issue 31716, p1 

    Reports on the refunding of $107 million of Federal Housing Administration-backed bonds sold in 1996 by the hospital Sinai Health System in Chicago, Illinois, as of September 10, 2003. Reason behind the refunding; Effect of this refunding on bondholders; Benefits to the hospital in terms of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics