Magazine article Government Finance Review

Looking at Debt Management

Magazine article Government Finance Review

Looking at Debt Management

Article excerpt

The municipal bond market has changed in the past two years, and issuers are deciding how to adapt. In addition to an uncertain economy, issuers must factor in different buyers, the absence of bond insurance, and concerns about the rating agencies. This issue of Government Finance Review provides information to help you successfully navigate the changed debt landscape.

In The New World of Selling Bonds, Paul Rosenstiel explains that new economic realities mean most jurisdictions will have to do more work in selling their bonds than they did a few years ago. This includes making it easy for credit analysts to do their homework and marketing to retail buyers.

When issuing debt, a government needs to pay attention to borrowing costs and the timing of the proceeds. But it is also important that the sale be conducted in a transparent manner. Ensuring a Successful Bond Sale, by Eric H. Johansen, discusses the best practices that should guide issuers.

After an unusual year in the municipal bond market, finance officers are looking to the future and wondering what they should expect. …

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