Municipal market participants will soon have a new tool to help them in the process for awarding bids in a competitive auction.

The new bid award type, called TICPlus, will take call options into account in its calculations to find the lowest cost. And in the coming weeks, Ipreo will start offering TICPlus among its bid award types from which muni issuers and financial advisors can choose.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.