Not exact matches
It's Your
Deal provides objective and useful information to state and local governments that issue
municipal bonds
Such
bonds are known as triple tax exempt, and they're a big
deal for
municipal finance and high tax places like New York and California.
Although the
deal was priced off the
municipal bond desk in the Public Finance division, sales teams in corporate investment grade, wealth management capital markets and the firm's Investing with Impact Financial Advisor group were all used to build the order book.
I guess the Phillies could have put the money in
municipal bonds, where they would be safe and ready for the next time they need to lock up a young player to a long - term
deal, but teams don't operate like that.
Since the crash, a down - spiral is underway in the $ 2.8 trillion
municipal - funding system, in which local governments don't have the revenue to meet
bond payments, they can't get new financing,
municipal bond rates are rising, and, to worsen it all, crazy credit default swap
deals have been foisted on localities.
Nixon Peabody is noted as representing the underwriters in the
deal involving the New York City
Municipal Water Finance Authority and its upcoming plan to sell $ 400 million of
bonds.
Goldman Sachs Group Inc. is managing the
deal, the largest sale of unrated
municipal bonds this year, for mall owner Triple Five Group, run by the billionaire Ghermezian family.