Pension and health-care related costs are growing so fast that POBs are one of several difficult options to cover these costs,” said Jon Schotz, managing partner at Saybrook Fund Advisors. “But I don’t know why issuers would do POBs, if you look over time, they haven’t worked. It’s very rare that municipalities can invest pension assets and see a return at a rate higher than their borrowing costs without taking on more risk.
The new debt was sold with a 10% interest rate that will increase if WAPA can't refinance within three years
Saybrook… has taken major steps to show its willingness to be a community partner by finishing some of the projects left behind, and will continue to do so.
You should know on the front end that laws can change, and that includes bailout packages as well.