The Harrisburg Authority is unable to end three derivatives with Royal Bank of Canada and use those termination funds to help meet a Dec. 1 payment to bondholders of its incinerator debt, according to board member William Cluck.

The authority was planning on ending three swap agreements with RBC to generate a net payment that would go toward debt-service payments due Dec. 1. The derivatives are attached to the authority’s Series 2003D bonds.

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