UBS Won't Support Auction-Rate Securities as Failures Increase
Story date: 2008-02-13 09:39:00
Added on: 2008-02-13 23:23:58
Bloomberg - Local governments are obliged to pay the high rates until either the auctions start attracting more buyers or they modify the bonds to some other kind of variable-rate debt or a fixed interest rate. Bankers and borrowers have been working on ...
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