For issuers and their professional advisors, evaluating the attractivess of advance refunding deals remains one of the most complex analyses. While most practitioners focus just on present-value savings to determine the economics of a refunding, The Bond Buyer's new Kalotay Advance Refunding Calculator takes the analysis a step further by introducing the dimension of opportunity cost, i.e., comparing the savings to the value of waiting for potentially more attractive rates. Learn how the new Calculator helps decision-makers with their advance refunding analysis by combining proprietary algorithms with real-world market data.
Join our featured guest, Andrew Kalotay, President of Andrew Kalotay Associates, for an in-depth look at how users can leverage The Bond Buyer's Advance Refunding Calculator to evaluate the attractiveness of various refunding scenarios.
During our complimentary web seminar, attendees will discover:
- The concept of refunding efficiency and why it is superior to merely looking at present value savings
- How to capture the option value of the bond(s) contemplated for refunding
- How to use The Bond Buyer's new Kalotay Advance Refunding Calculator to ensure that you are not leaving money on the table
Sign up for this seminar today! Please fill in the below registration form.
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