Issuers: Variable-Rate Liquidity Drying Up

Ward, Andrew
August 2008
Bond Buyer;8/1/2008, Vol. 365 Issue 32931, p1
Trade Publication
The article reports on the economic condition of the variable rate bond market in San Francisco, California. It is revealed that banks are no longer that interested in offering credit and standby bond purchase and only few of them are bidding on deals. They offer shorter commitments with tougher terms of agreements and they are also charging more for it making it tougher for companies to get liquidity during the year.


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