Officials in Orange County, Calif., are considering swap proposals from Wall Street that would allow the county to minimize its losses on a heavily leveraged investment pool.

Dealers told The Bond Buyer that they have approached officials in Orange County with ideas on how they can staunch approximately $1.5 billion in potential losses with socalled swap reversals on the county's huge portfolio of derivative products.

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.