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41 Cards in this Set

  • Front
  • Back
(Ch. 03) what are only munis backed by us govt
PHAs / NHAs aka Section 8
(Ch. 03) re munis who doest not sign synd agree
issuer, counsel & trustee
(Ch. 03) re munis who signs synd agree
all synd members incl managing underwriter
(Ch. 03) re munis what is scale
list of scheduled maturies in a new series bond issue
(Ch. 03) re munis what are double bareled bonds
backed by full faith + pledged revenues NOT property taxes
(Ch. 03) re munis how much is 1 mil
1/1000
(Ch. 03) re munis advertising records, how long must they be kept for
3 yrs 2 yrs easy access
(Ch. 03) re munis advertising who can approve
muni or general securities principal
(Ch. 03) re munis where is the 30 day muni visible supply published
in bond buyer
(Ch. 03) re munis what does the bond buyer provide
primary market info
(Ch. 03) re munis what is munifacts
subscription wire service on bond buyer (for info)
(Ch. 03) re munis what is 1 point
$10
(Ch. 03) re munis spread coomponents (in order of largest to smallest)
1-concession to sell group 2- addl takedown to synd members 3- mgmt fee (1 and 2 are "takedown"
(Ch. 03) re munis diff btwn trust and net int cose
TIC includes time value of money
(Ch. 03) re munis true int cost or net int cost - more common in munis for determining winning bid
NIC
(Ch. 03) re munis when are muni confirms reqd by
no later than settle date
(Ch. 03) re munis 2 things to remember about muni commissions
1-must be fair 2-no 5% guideline 3-markup not disclosed
(Ch. 03) re munis what is tax free equiv yld calc
corp yld * (100% - tax bracket)
(Ch. 03) re munis what is tax equiv yld
muni yld * (100% - tax bracket)
(Ch. 03) re munis what is rule G 37 & what are exceptions
2 yrs after pol contrib and $250 exception individual only
(Ch. 03) re munis what rule prohibits muni firms from engaging in bus for 2 yrs agter pol contrib
rule G 37
(Ch. 03) muni bond order alloc - priority in synd letter
PGDM pro golfers don’t miss 1-presale 2-group 3-designated 4-member
(Ch. 03) re munis what are IDRs
industrial development bonds
(Ch. 03) re munis 3 things to remember about IDRs
1-backed by corps
(Ch. 03) re munis GOs or Rev Bonds - may be either seriel mat w/ basis quotes or term mat w/ dollar quotes
Rev
(Ch. 03) re munis GOs or Rev Bonds - generally nogotiated underwriting
Rev
(Ch. 03) re munis GOs or Rev Bonds - includes feasibility study
Rev
(Ch. 03) re munis GOs or Rev Bonds - no voter approval & subj to addl bonds test
Rev
(Ch. 03) re munis GOs or Rev Bonds - less safe of the two
Rev
(Ch. 03) re munis GOs or Rev Bonds - backed by user fees
Rev
(Ch. 03) re munis GOs or Rev Bonds - self supporting
Rev
(Ch. 03) re munis GOs or Rev Bonds - includes analysis of debt service coverage ratio
Rev
(Ch. 03) re munis GOs or Rev Bonds - generally seriel mat w/ basis quotes
GOs
(Ch. 03) re munis GOs or Rev Bonds - generally firm commit underwriting
GOs
(Ch. 03) re munis GOs or Rev Bonds - generally competitive bid underwriting
GOs
(Ch. 03) re munis GOs or Rev Bonds - includes debt limits
GOs
(Ch. 03) re munis GOs or Rev Bonds - voter approval reqd
GOs
(Ch. 03) re munis GOs or Rev Bonds - safer of the two
GOs
(Ch. 03) re munis GOs or Rev Bonds - are backed by taxes
GOs
(Ch. 03) re munis GOs or Rev Bonds - full faith & credit bonds
GOs
(Ch. 03) re munis GOs or Rev Bonds - analysis based on taxes, debt ratios & demographics
GOs