Municipal Bond Credit Report: For more than 10 years, as the subsidy for direct payment Build America Bonds (BABs) has been less than originally promised due to sequestration, issuers have wondered if sequestration constituted an “extraordinary event” that would trigger their right to seek extraordinary optional redemption… Link to Story
Municipal Bond Credit Report: Attention BAB Issuers: Extraordinary Optional Redemption is Available
Categories: Municipal Bond Credit Report