Swaps Make Mortgages

McDonald, Michael
June 2002
Bond Buyer;6/6/2002, Vol. 340 Issue 31402, p1
Trade Publication
Reports the interests rates swaps of California Housing Finance Agency with Merrill Lynch & Co. in taxable and tax-exempt single-family amortized mortgage revenue bonds. Amount of the synthetic fixed-rates in bonds; Statement of Ken Carlson director of financing at the California HFA; Utilization of the derivatives in the municipal market.


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