News & Events

Denver Public Schools Swaps Fail

May 10, 2013

The cost of a bad deal continues to grow.

Kalotay Helps Massachusetts Create New Refunding Guidelines

April 26, 2013

Massachusetts has adopted more rigorous guidelines for bond refundings with the help of Andrew Kalotay Associates Inc. See The Bond Buyer article.

TICPlus - Picking the Best Callable Deal

April 12, 2013

See The Bond Buyer article

Municipal issuers traditionally pick the bid with the lowest True Interest Cost in a competitive deal. In the case of a single bond, TIC is analogous to YTM based on the proceeds received by the issuer.

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