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Iowa Fertilizer Firm Aims to Tap Disaster Bonds for New Plant

NOV 8, 2012 10:15pm ET

Plans for the Iowa Fertilizer Co. to tap up to $1.2 billion of Midwestern Disaster Area Bond financing through the Iowa Finance Authority for its proposed nitrogen fertilizer plant are advancing.

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Comments (1)
MDA bonds coupled with ARRA's 2% rule for banks were a boon for small projects in Iowa. Disaster bonds for Hurricane Sandy would be beneficial for small businesses IF banks are available to purchase bonds for small projects. Indeed, banks need to be allowed to finance more of the nation's needs by expanding bank qualified bonds as provided by ARRA.
Posted by D A Spina | Monday, November 12 2012 at 8:52AM ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.

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