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tk88

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tk88

Re: None

Monday, 04/04/2016 2:27:17 PM

Monday, April 04, 2016 2:27:17 PM

Post# of 127606
yes,everyone who has read the cgra sub docs is aware that the bond issue itself need not be fully subscribed---I did not say otherwise---my point,every corporate bond insurance rider has ITS own rules----THE INSURANCE COMPANY doesnt want to cover a bond that is only half or quarter subscribed----and they certainly might have concerns if half the payments are in non-marketable/non-liquid "assets"
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