A California lawmaker introduced legislation for Treasurer Bill Lockyer to curb private contractors running conduit issuers in the state, including California Statewide Communities Development Authority.
California Bill Targets Conduit Issuers
FEB 26, 2013 2:28pm 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.
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