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Prince Georges County, Md. To Offer $300M of LTGOs

FEB 1, 2013 3:53pm ET

Prince George's County, Md. will sell more than $300 million of highly-rated tax-exempt debt Tuesday, as the county seeks to benefit from low interest rates with both new money and refunding bonds.

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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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