Following up on his presentation on Options When Managing Debt at last October’s 2013 NAIPFA conference, Dr. Kalotay will demonstrate a new Excel-based tool Refunding+. The calculator puts smart technology in the hands of advisors, enabling them to independently evaluate funding and refunding proposals.
Identify the new issue structure with the best value (e.g. 5% or par coupons, non-call 10 or non-call 8)
Recommend refundings only when they meet a Refunding Efficiency threshold (based on savings and option values, and taking into account negative arbitrage)
Rank candidates by desired criterion
The highest professional standards require that public finance advisors have a command of option-based bond analysis. This webinar will provide some new insights and tools.
Please join this webinar on Thursday, May 8, 2014 at 11:00 am Eastern, 10:00 am Central, 9:00 Mountain, and 8:00 Pacific time. Lori Raineri, CIPFA, will be moderating.