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Bond Pricing and Credit Approval: An Underwriter’s Point of View

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  • Kenneth E. Williams

Abstract

Underwriters are in the business of raising capital for local issuers.They are also in the business of placing that debt, because the people to whom they are selling it are really the lenders. Their goal is to get the bonds sold at the best possible rate. In addition, they are also trying to be an intermediary that survives for another transaction with the issuer.

Suggested Citation

  • Kenneth E. Williams, 2003. "Bond Pricing and Credit Approval: An Underwriter’s Point of View," Municipal Finance Journal, University of Chicago Press, vol. 24(2), pages 37-44.
  • Handle: RePEc:ucp:munifj:doi:10.1086/mfj24020037
    DOI: 10.1086/MFJ24020037
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