Brazos Trapped by Auction-Bond Yields Above Student-Loan Rates - Bloomberg
Story date: 2008-06-01 10:39:00
Added on: 2008-06-01 23:01:05
June 2 (Bloomberg) -- Brazos Group Inc., the largest municipal borrower in the $330 billion auction-rate securities market, is stuck with $7 billion of debt it can't refinance, restructure or buy back. The student-loan company is getting squeezed ...
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