South Dakota comes to market Thursday with $171 million of refunding tobacco bonds to finance education across the state amid ongoing uncertainty in the high-yield sector.
South Dakota Restructuring $171M of Tobacco Bonds Amid Uncertainty
FEB 27, 2013 1:08pm 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