TITLE

Collapse of ARS Market Gave Huge Shot in the Arm to VRDB Volume

AUTHOR(S)
Albano, Christine
PUB. DATE
February 2009
SOURCE
Bond Buyer;2/9/2009, Vol. 367 Issue 33058, p9A
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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 seek for alternative options in the variable-rate market.
ACCESSION #
36509229

 

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