We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Obligors: Beware Of Bond Reissuance Triggers

Law360 (March 5, 2018, 6:18 PM EST) -- Public finance tax lawyers have been acutely aware of the direct effects of the Tax Cuts and Jobs Act, P.L. 115-97, especially the elimination of tax-exempt advance refundings, but some of the indirect effects have begun to appear only recently. One of those is the triggering of automatic bank rate adjustments resulting from the drop in the corporate tax rate. This article addresses primarily automatic bank rate adjustments, i.e., those that occur without action by the issuer or bank holder as a result of a reduction...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.