Alabama Takes Advantage of New Legislation to Sell Swaption

McDonald, Michael
May 2002
Bond Buyer;5/7/2002, Vol. 340 Issue 31381, p6
Trade Publication
Reports the selling option for interest swap for outstanding bonds sold by State Public School and College Authority in Alabama. Competition bid for swaption; Details on the exempts for refunding bonds to meet net present value savings stipulation; Variability on the swap payments.


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