B
BermudaTO37
Guest
Unfortunately it is not that easy to issue bonds and then get this rolling.
For the bonds there are many intricate details that need to be worked out. It must be done in a way that the interest that is paid is worthwhile to the investor. If it is not, then no investor will buy it.
Then there is credit ratings that also need to be taken into account. How well is the credit rating of the city and their abilility to pay back the money?
Sounds like a great plan but it is not even as remotely easy as how you just said it. The things I mentioned above and just some of the issues. Trust me, there are many more things to consider. I know that because I work in the debt finance area for an international organization.
For the bonds there are many intricate details that need to be worked out. It must be done in a way that the interest that is paid is worthwhile to the investor. If it is not, then no investor will buy it.
Then there is credit ratings that also need to be taken into account. How well is the credit rating of the city and their abilility to pay back the money?
Sounds like a great plan but it is not even as remotely easy as how you just said it. The things I mentioned above and just some of the issues. Trust me, there are many more things to consider. I know that because I work in the debt finance area for an international organization.