TITLE

MassPike's Suspect Swaps

AUTHOR(S)
McDonald, Michael
PUB. DATE
December 2002
SOURCE
Bond Buyer;12/30/2002, Vol. 342 Issue 31542, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the Massachusetts Turnpike Authority, Massachusetts, has turned to the sale of options in the municipal derivatives market for short term relief thus allowing investment banks to do interest rate swaps on the authority's debt. Details of two such deals carried out by the authority; Implications of using interest rate swaps as a financial solution; Ratings assigned to the authority's bonds by rating agencies.
ACCESSION #
8909556

 

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