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Largest deal yet brewing for California’s new pension bond boom

JANUARY 10, 2020 | by Keeley Webster | THE BOND BUYER

By Keeley Webster, includes “… The POB financing vehicle had fallen out of favor after a series of municipal bankruptcies gave poor treatment to holders of pension obligation bonds. … Inserting a large amount of cash into a pension plan when the Dow Jones Industrial Average is approaching 29,000 is a signal that it's the wrong time, he said. …”

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