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Denver Schools Deal includes $129M to Terminate Swaps

Denver Public Schools will convert all of its variable rate debt to fixed rate and pay $129 million in swap termination fees with proceeds from a $529 million deal expected to go to market Wednesday.

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Comments (1)
How badly did the bankers fleece the school district on the swap? What did the taxpayers save relative to the $129 ransom they have to pay?
Posted by csandmel | Tuesday, April 16 2013 at 10:39AM ET
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