Issuers Who Draw Down Get Favorable IRS Ruling

Kinnander, Ola
November 2001
Bond Buyer;11/27/2001, Vol. 338 Issue 31272, p5
Trade Publication
Reports that a recent ruling by the U.S. Internal Revenue Service may help issuers that 'draw down' their bond proceeds in several installments. Provisions under the ruling; Requirements for prematurely issuance of bonds; Impact of the ruling on issuers.


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