Massachusetts decided yesterday not to include derivatives on its $240 million competitive note issue, although six firms submitted bids that included swaps.

The state announced that firms could bid for up to half of the issue with a synthetic fixed-rate structure.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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