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Auction rate securities: a primer for finance officers.
The auction rate securities market has expanded significantly in the public finance sector since 2001. Nationwide, issuance of auction rate securities, including the public finance sector, grew from $100 billion in the first quarter of 2002 to $200 billion by the end of the fourth quarter of 2003. Municipal issuers sold $42.8 billion of auction rate securities in 2004 compared with $41.3 billion in 2003, according to Thomson Financial. Public finance has become the fastest-growing sector to use auction rate securities, with total issuance projected to grow at double-digit rates in the future.
The use of auction rate financing is becoming more attractive for many ...
- Stull, Stull & Brody Announces Class Action against Oppenheimer Holdings Inc....
- Press release article from: Business Wire April 11, 2008 700+ words
...purchased and/or acquired auction rate securities from Oppenheimer Holdings...and continued to hold such auction rate securities through February 13, 2008...connection with the sale of auction rate securities, auction rate preferred...
- One Year After the Big Freeze, Options Exist for More than $130 Billion Still...
- Press release article from: Business Wire February 10, 2009 700+ words
...markets - with an expanded emphasis on auction rate securities. Auction rate securities are long-term bonds or preferred stock...first advised clients on problems with auction rate securities more than 20 years ago. He was also recognized...
- Auction-Rate Securities: Bidder's Remorse? "A Primer".(Reprint)
- News wire article from: Mondaq Business Briefing Lee, Stephanie May 9, 2008 700+ words
...following link to view "Auction-Rate Securities: Bidder's Remorse...and glossary of terms. Auction-rate securities (ARS) are long-term...characteristics. This paper explores auction-rate securities in depth. First, we describe...
- Notice to All Citigroup Customers Who Invested in Auction Rate Securities from...
- Press release article from: PR Newswire February 19, 2008 700+ words
...Citigroup with regard to its trading of Auction Rate Securities. Auction Rate Securities are typically represented to be safe investments...in the collapse of the credit markets, Auction Rate Securities may become illiquid and difficult to value...
- Notice to All Goldman Sachs, Lehman Brothers, Wachovia and Morgan Stanley...
- Press release article from: PR Newswire March 4, 2008 700+ words
...Morgan Stanley with regard to its sales of Auction Rate Securities. Auction Rate Securities are typically represented to be safe investments...In fact, many brokerage firms placed Auction Rate Securities in the "cash equivalent" section of their...
- PHAZAR CORP Announces Change in Reporting Classification of Investment in...
- Press release article from: Business Wire April 28, 2008 700+ words
...approximately $2.65 million of "auction rate securities" as long-term investment...and continues to hold "auction rate securities" in the aggregate principal...2,650,000 (the UBS auction rate securities). An auction rate security...
- BondDesk to Offer Auction Rate Securities (ARS) to Retail Marketplace.
- Press release article from: PR Newswire June 7, 2007 700+ words
...Transforms Trading of Auction Rate Securities NEW YORK, June 7 /PRNewswire...that it will begin trading Auction Rate Securities (ARS) through its Alternative...customers can easily access Auction Rate Securities through E*TRADE Financial...
- TROY Group, Inc. Posts Fiscal Year 2007 Results and Provided Notice of Exposure...
- Press release article from: PR Newswire February 29, 2008 700+ words
...14.1 million in investments that are auction rate securities. These auction rate securities consist of preferred stock of various...market. It's possible that a market for auction rate securities may not return before the Company has...
Source: HighBeam Research, Auction rate securities: a primer for finance officers.