10 News Conference Wingmen, Episode 31 (38 Studios Bonds)

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  • Max D.

    Now there's a shocker. Bob thinks we should run the State like a household with a mortgage. Sure why not. What's the worse that could happen, foreclosure? On a side note, all this discussion on default or not hasn't seemed to scare off the bond buyers:
    http://www.ri.gov/press/view/21902

  • Warrington Faust

    "The transaction was 3 to 4 times oversubscribed in most maturities, enabling yields to be lowered during re-pricing by 4 to 7 basis points in some maturities. There were almost 200 orders and upwards of 20 institutional investors participated in the transaction."

    Do not confuse a "basis point" with a "percentage point". I wonder if this doesn't describe how much money there is chasing after an investment.

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