While the majority of municipal swaps executed so far have been sold on a negotiated basis, issuers are increasingly asking themselves whether competitive bids might not be an attractive alternative.

Representatives of three issuers -- Philadelphia, Connecticut, and the Port Authority of New York and New Jersey -- yesterday explained their reasons for choosing either the negotiated or competitive route on their recent swaps and discussed other major bridges that had to be crossed before signing a deal.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.