TITLE

Housing Bond Deal Aids Swap Risk Management

AUTHOR(S)
Devitt, Caitlin
PUB. DATE
January 2011
SOURCE
National Mortgage News;1/3/2011, Vol. 35 Issue 14, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the $196 million worth of fixed-rate housing bonds deal to assist the Nebraska Investment Finance Authority (NIFA) in managing its swap risk. It mentions that the deal will permit NIFA to gain some interest-rate savings and allocate funds for the next phase of its involvement in the federal issue bond program. It also notes that NIFA will price a $478.5 million worth of variable-debt rate which will display a year letter of credit form the Federal Home Loan of Topeka.
ACCESSION #
57570133

 

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