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- W56629062 abstract "Oil companies, savings banks, public utilities, and other companies have made use of a new kind of financing technique known as lower floaters. The author describes the lower floater and its particular benefits and potential drawbacks. He concludes that, on balance, variable-rate demand bonds have been good for utilities, which have issued them in great quantity. No one knows how many they will be able to issue at acceptable rates after this year, but the answer may rest with Congress. Because of all the uncertainty, utilities in need of financing should consider issuing variable-rate demand bonds as soon as possible." @default.
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- W56629062 date "1985-06-27" @default.
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- W56629062 title "Uncertainty clouds the booming market in variable-rate demand bonds" @default.
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