Pension Obligation Bonds Are Back, and California's Got Them

Williams, Rochelle
April 2003
Bond Buyer;4/25/2003, Vol. 344 Issue 31622, p1
Trade Publication
Reports on trends prevalent in California with regard to pension obligation bonds-related business. Analysts' view that the liabilities have resulted from declining equity markets that have left public pension plans with significant investment losses in the past years; Advantage of low interest rates for the pension bond market; Graphs depicting sales of bond in California.


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