Rushing to beat an end-of- year- deadline, the Iowa Fertilizer Co. will sell $1.2 billion of Midwestern Disaster Area Bonds with a mandatory tender in April that gives the company some breathing room to finalize its nitrogen fertilizer plant.
Iowa Fertilizer's $1.2B of Disaster Bonds Set to Go
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