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