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Refunding Tax-Exempt Muni Bonds

Municipal/Local Government DebtRefunding Tax-Exempt Muni Bonds
August 28, 2012

Refunding Tax-Exempt Muni Bonds

Below is an example of the refunding of tax-exempt bonds issued by a unit of government. Generally, it’s the kind of refinancing we all like to do when interest rates decline and we can take advantage of interest rate savings after debt is issued. The example uses a State as obligor/issuer though,…
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