Bond insurance: A financing tool for IOUs
Journal Article
·
· Fortnightly; (United States)
OSTI ID:7200404
Since 1988, the par value of insured, investor-owned utility bonds has surged by $2 billion - no small sum, considering that the total value of insurance provided to this sector during the previous ten years approximated only $500 million. The increased use of bond insurance, however, over the last few years is no aberration. In the current financing environment, triple-A enhanced investor-owned utility (IOU) bonds are yielding some of the lowest interest rates in over a decade. Accordingly, IOUs are using this innovative form of credit enhancement more and more as they strive to keep their embedded cost of capital as low as possible.
- OSTI ID:
- 7200404
- Journal Information:
- Fortnightly; (United States), Journal Name: Fortnightly; (United States) Vol. 129:4; ISSN FRTNE8
- Country of Publication:
- United States
- Language:
- English
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