LeBuhn J
Municipal Securities Division, Ziegler Securities, Chicago, IL, USA.
J Health Care Finance. 1994 Winter;21(2):11-21.
This article discusses various financing techniques utilized by municipal entities in their debt structures. These financing structures include inverse floaters, embedded swaps, embedded caps, and synthetic fixed-rate debt. The article explores the advantages and disadvantages of each structure to both the borrower and the investor and its mechanics.