Connecticut wants to raise $ 325 million of long-term fixed-rate debt. One option is to make it synthetically - issue long-term variable rate debt and enter into interest rate swaps. The fact is, a means to analyze the various floating rate structures and different types of swaps. Also raises issues related to the risk of default swaps, as well as the temporal structure of tax exempt and taxable debt markets. "Hide
by Andre F. Perold, Joel Barber Source: Harvard Business School 13 pages. Publication Date: 06 May 1991. Prod. # Two hundred ninety-one thousand and twenty-four-PDF-ENG