The Ghost of California School Refinancing
Although it’s not quite Halloween yet the October issue of Bloomberg Markets tackles the scary topic of bond refinancing that has gone on in California over the past few years. In this article Joe Toreno wades through the morass of who did what during the period from 2002-2007 in terms of refinancing school debt in California. In many cases most astounding is the fee rate that some financial institutions were able to receive due to renegotiated or new deals, up to 117% of the actual bond, as was the case for the bank in the San Mateo Union High School District. The article entitled California’s Schoolyard Deals appears in this month’s Bloomberg Markets available in the journal display shelf the in the library.
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Posted, in Education,Finance & Investment, by Helen Losch on October 6, 2009 | Permalink
