A retroactive 28% cap on the value of tax exemption could trigger the mandatory redemption of billions of dollars of bonds, according to market experts.
Proposed 28% Cap Could Force Redemption of Billions of Debt
JAN 11, 2013 5:55pm 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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May 1- 2, 2014Hyatt Regency, Baltimore, MD
The Roosevelt Hotel, New York, NY