Triple-A rated Oakland County wants to take advantage of a new state law and issue GO bonds to refinance roughly $500 million of outstanding certificates of participation it issued in 2007 to cover its retiree health care liability.
Michigan County Eyes Refunding OPEB Debt
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY