Complexity results in sale of only a few "Super-BABs"

11/23/2009 | Bond Buyer (free content), The

Issuers have flocked to capitalize on the government's offer to subsidize interest payments on Build America Bonds. However, few have taken advantage of recovery-zone economic-development bonds, even through they offer an even higher subsidy. The "Super-BABs" have a reputation for being overly complicated, but those involved in the few deals that have been made said issues can be easily overcome.

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Bond Buyer (free content), The

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