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.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.