The new notes, factoring in the impact of forward starting swaps
put into place in November 2004, will have effective borrowing costs of 5.
Earlier in November 2004, NiSource entered into forward starting swaps
with six different counter- parties to hedge the anticipated September 2005 issuance.
Cost of funds as of period end includes repurchase agreements and other debt outstanding, plus the impact of interest rate swaps in effect as of each period end and forward starting swaps
becoming effective, net of swaps expiring, within three months of each period end, but excludes costs associated with other supplemental hedges such as swaptions and short treasury or TBA positions.
In addition, to meet the growing demand for different, more complex structures of interest rate swaps, Interactive Data now delivers independent valuations of forward starting swaps
The series 2006 bonds have been swapped to a fixed rate through the use of four forward starting swaps
with Bear Stearns Capital Markets Inc.
The airport is committed to $975 million of long-term debt to be issued by 2011 given the prior execution of forward starting swaps
, of which the termination values under current market conditions exceed $200 million.
The 2005 series Q bonds, due March 1, 2008-2031, relate to the fourth tranche of the 2003 forward starting swaps
Fitch also notes Scripps Health (Scripps) has entered into six floating- to fixed-rate forward starting swaps
related to the series 2005A-F bonds aggregating $226 million with Citibank, N.
6 billion notional amount of pay-fixed interest rate swaps, excluding forward starting swaps
Specific hedging strategies include treasury rate locks, forward starting swaps
, and interest rate caps and floors.
which, has in conjunction with sterling forward starting swaps
As a result, COPT has discontinued hedge accounting on the 10-year forward starting swaps
and is reclassifying $28.