New Britain, Conn., Working on $58M Pension Bond Swaption

Piazza, Johanna
February 2003
Bond Buyer;2/28/2003, Vol. 343 Issue 31583, p56
Trade Publication
Reports on the plans of New Britain, Connecticut sell an option to do a synthetic floating-rate swap of $58 million in taxable pension obligation bonds sold in 1998. Controversy regarding the sale of the option; Credit ratings of the city; Significance of the options' sale for the city.


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