TITLE

Pennsylvania Agency Seeks Advisers For $327 Million VR Refinancing

AUTHOR(S)
Kaske, Michelle
PUB. DATE
March 2009
SOURCE
Bond Buyer;3/31/2009, Vol. 367 Issue 33089, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the move of Pennsylvania Intergovernmental Cooperation Authority to seek professional advice related to a potential $327 million variable-rate refinancing deal that would address a floating-to-fixed-rate swaption set to start in June 15, 2009. It states that officials expect refinancing Series 1999 fixed-rate, special tax revenue bonds for $327 million into variable-rate mode to better match the debt with a floating-to-fixed-rate derivative with J. P. Morgan Chase & Co.
ACCESSION #
37326875

 

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