Improved Selection Criteria for Refunding Candidates
By Jerry Hoberg
Jun 25, 2003, 13:38
The advance refunding optimization capabilities of Munex have been the industry standard since 1987. Designed to select the maturities to refund that best fit the specific requirements of the deal, Munex can size and structure an advance refunding issue based on present value savings goals, limits on bond size, desired periodic debt service targets and other variables. We have recently completed a thorough revision of our refunding optimization algorithms to improve their performance in today's market environment.
Beta versions of the new facility are available prior to the next scheduled release of the of the program. Please contact Dean Soukop for more information.
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