Airport Bonds: Yield And Duration Without The VolatilityVW Staff
Earlier this month Los Angeles Department of Airports bonds worth $241.8M met with a strong response – retail investors bid for $194M, while institutions ordered for a billion dollars. According to the management, all-in interest costs came in at 4.66%.
Lead manager De La Rosa & Co called it a “a really nice reception,” and said the bonds were priced only 33 bp cheaper than a $240 million . . .
This content is exclusively for paying members. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email firstname.lastname@example.org or click chat