ORLANDO, Fla. -- Kentucky's debt manager predicts increased issuance of non-dollar-denominated taxable municipal bonds, but warns borrowers to be aware of the limitations of this type of debt.

"I think we will see more of these financings because they can be an efficient and effective means of accessing taxable funds, providing interest-rate savings and broader market access," James Ramsey, executive director of the state's Office of Financial Management, said here Monday at the annual convention of the Government Finance Officers Association.

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