Florida Tries Out Variable-Rate Debt on Everglades Deal

Sigo, Shelly
February 2006
Bond Buyer;2/1/2006, Vol. 355 Issue 32310, p29
Trade Publication
The article reports on the sale of Florida's first-ever variable rate bond deal in a 100 million dollar offering that has brought a new credit to the bond market. The state has more than 22.5 billion dollars of outstanding fixed-rate debt. Two series of the Everglades Restoration Revenue Bonds were sold.


Related Articles

  • Shreveport Sets Deal to Lessen Variable-Rate Debt Exposure. Watts, Jim // Bond Buyer;9/10/2008, Vol. 365 Issue 32958, p5 

    The article reports on the $24.7 million fixed-rate airport revenue bonds of Shreveport, Louisiana to refund variable-rate bonds issued in the fall of 2007. The bonds will lessen the city's exposure to variable-rate debt to be issued by Louisiana Local Government Environmental Facilities and...

  • Panel: Management, Not Set Levels, Key to VR Portfolios. O'Brien, Elizabeth // Bond Buyer;12/7/2005, Vol. 354 Issue 32273, p6 

    The article presents information related to variable-rate debt. Public officials should have a clear variable-rate policy and can describe why they practice different kinds of variable-rate debt and derivative products. With about $34 billion of outstanding general obligation debt, New York City...

  • Jefferson County OKs Fourth Extension. Sigo, Shelly // Bond Buyer;8/4/2008, Vol. 365 Issue 32932, p1 

    The article reports on the fourth extension that the Jefferson County commissioners approved to the debt forbearance agreements with liquidity providers, bond insurers and swap counterparties in Alabama. It states that the commissioners voted 3 to 2 to enter into the agreements delaying about...

  • Collapse of ARS Market Gave Huge Shot in the Arm to VRDB Volume. Albano, Christine // Bond Buyer;2/9/2009, Vol. 367 Issue 33058, p9A 

    The article reports on the impact of the collapse of auction-rate securities (ARS) market in 2008 in the U.S. According to municipal bankers, analysts and underwriters, the collapse resulted to the increase of demand for variable-rate demand bonds (VRDBs). It cites that issuers are forced to...

  • LOUISIANA: Dome Bonds on the Table. Watts, Jim // Bond Buyer;10/18/2012, Vol. 382 Issue 33799, p9 

    The article informs that the Louisiana State Bond Commission is planning to refinance 294 million U.S. dollars of variable-rate loans and obligations bonds.

  • Variable-rate borrowers turning to different approaches. McEntee, Christopher // Bond Buyer;02/01/99, Vol. 327 Issue 30569, p37 

    Reports on variable-rate municipal borrowers' experimentation with different credit products. Reshuffling of the credit enhancement market; Transformation of the variable-rate sector from a buyer's market to a seller's market; Strategy of structuring a longer term on a credit agreement;...

  • Senator Vitter Blasts Debt Plan for New Orleans Hospital. Watts, Jim // Bond Buyer;4/18/2011, Vol. 376 Issue 33501, p4 

    The article focuses on the nearly 800 million dollars variable-rate bonds of the Indiana University (IU) Health Inc., the largest health care system in Chicago, Illinois. It states that the proceeds would be used to reimburse IU Health for 150 million dollars spent for the construction of a new...

  • N.Y. WEIGHS AUCTION-RATE CONVERSION. Phillips, Ted // Bond Buyer;2/19/2008, Vol. 363 Issue 32818, p1 

    The article reports on the plan of the New York government to convert all or some of its $3.5 billion of state-supported debt in auction-rate mode into variable rate demand bonds. The plan is stated in its request for proposals for liquidity and letter of credit facilities released by the...

  • Tax-Exempts See $1.96B of Outflows as Taxables Gain. Albano, Christine // Bond Buyer;10/31/2008, Vol. 366 Issue 32994, p7 

    The article reports on the performance of tax-exempt money market funds in the U.S. from October 20-27, 2008. It reveals that yield on tax-exempt funds has declined to $1.96 billion and total assets fell to $495.91 billion during the week. It was observed that yields in other bonds also recorded...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics