A recent study of the economics of advance refundings asserts the provocative conclusion that "[t]he widespread practice of advance refundings of municipal bonds is, at best, zero net present value, though wasteful of fees." This study may well compel a counter-study from the many proponents of advance refundings.
Commentary: Valuing Advance Refundings
AUG 12, 2013 10:57am ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
the bond buyer conferences
March 26-28, 2014Fontainebleau Miami Beach, Miami Beach, FL
May 1- 2, 2014Hyatt Regency, Baltimore, MD