Keeley Webster

Recent Stories From this Author

Former L.A. 'Bond Guy' Miller to Retire
April 23, 2014 After nearly 30 years with the city, Los Angeles Chief Legislative Analyst Gerry Miller announced on Tuesday plans to retire...

Hawaii One Step Closer to Issuing $40M in GOs to Preserve Turtle Bay
April 23, 2014 Hawaii officials reached an agreement last week on a conversation easement for 665.8 acres of land at Turtle Bay Resort in...

Congressman Cardenas Ups Ante With Sriracha Plant Visit
April 23, 2014 Deciding a letter was not enough, U.S. Rep. Tony Cardenas followed up with a visit Tuesday to the factory of the popular...

Anaheim Activists Want to Invalidate New Convention Center Bonds
April 22, 2014 An Orange County, Calif. citizens' group says it will file a lawsuit in an attempt to invalidate $265 million in bonds issued...

Bell's Corrupt Rizzo Sentenced; Restitution Ordered
April 17, 2014 Restitution from seven corrupt former Bell, Calif. city leaders is expected to total more than $18 million, but the city's...

U.S. Rep. Tony Cardenas Reaches Out to Sriracha Maker
April 17, 2014 U.S. Rep. Tony Cardenas told the manufacturer of the popular Sriracha hot sauce if Irwindale, Calif. doesn't want your factory...

Audit: Rampant Questionable Spending in Cudahy, Calif.
April 16, 2014 An audit of Cudahy, Calif. by State Controller John Chiang found misuse of taxpayer dollars, contract violations, mismanaged...

Fitch: Proposed California RDA Legislation Could Be Credit Positive
April 15, 2014 Proposed California legislation that could put $1.5 billion in bond proceeds from former redevelopment agencies into play...

Moody's: Odds Wane for State Takeover of North Las Vegas
April 15, 2014 Moody's says that tentative settlement agreements mean North Las Vegas, Nev. is less likely to be taken over by the state as...

Hercules, Calif. Closes Tender Offer, Avoids Bond Defaults
April 11, 2014 Hercules closed on its tender offer Thursday avoiding potential bond defaults and sealing the deal on the sale of its utility...




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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