California Treasurer Bill Lockyer has set a multi-billion dollar bond sale calendar for this spring that gives business to underwriters and bond counsels he had said would be excluded unless they restructured perceived bad capital appreciation bond deals.
Lockyer Caves on CAB Penalty
FEB 11, 2013 6:43pm ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
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