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The amount of outstanding variable rate demand bonds rose to $142.4 billion in the second quarter of this year, a gain over $142.2 billion in the first quarter and the end of a decade-long decline, Moody’s Investor Service said in a recent report.
September 26 -
The authority, one of the largest municipal bond issuers, will use the new benchmark to reduce its exposure to Libor, which is slated to sunset.
September 26 -
The disclosure of some variable-rate demand obligation information on EMMA shouldn't be used to dismiss a lawsuit alleging fraud in VRDO remarketing,lawyers for the plaintiff told an Illinois court.
September 17 -
The Securities and Exchange Commission has sent letters to the 12 top banks and broker-dealers that remarket variable rate demand obligations, seeking information and documents on their remarketing and rate resetting practices.
September 6 -
New Mexico found a no-cost escape route from troublesome swap agreements with a $67 million termination fee.
August 21 -
An "anemic" first quarter gave way to a much stronger second quarter for the muni market, SIFMA found.
August 13 -
The California Academy of Sciences refinanced debt used to build its facility.
July 24 -
Will a lawsuit alleging a conspiracy in the VRDO market be dismissed early?
July 17 -
The authority, one of the largest municipal issuers, will substitute a Bank of Tokyo-Mitsubishi letter of credit with State Street.
June 19 -
Rising short-term rates and a lower corporate tax rate have already pushed some municipal issuers out of bank loans and back into the traditional muni space, analysts said.
May 21