Days after the close of a controversial liquor-backed bond deal that generated a $500 million cash payment to the state's coffers, Gov. John Kasich said the money would go into the state's rainy-day fund and trigger an automatic taxpayer refund.
Ohio Gov. Kasich Says $500M from Liquor Lease Will Boost Rainy-Day Fund
FEB 4, 2013 3:00pm 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.
the bond buyer conferences
May 1- 2, 2014Hyatt Regency, Baltimore, MD
The Roosevelt Hotel, New York, NY