Finally issuance of bonds in local currencies can significantly reduce currency risk and improve the ability of the borrower to fulfill the bond requirement. (cleanenergysolutions.org)
If a fund investor is resident in the state of issuance of the bonds held by the fund, interest dividends may also be exempt from state and local income taxes. (fidelity.com)
If a fund's investor is a resident in the state of issuance of the bonds held by the fund, interest dividends may also be exempt from state and local income taxes. (fidelity.com)