Municipal issuers and their advisors continue to navigate a changing landscape when it comes to arbitrage rebate and yield restriction compliance. As federal regulations evolve and market dynamics shift, staying informed about trends in these areas is more crucial than ever. In this blog post, we’ll break down what’s happening now—and what’s on the horizon. …
Arbitrage rebate compliance represents one of the more complex areas of bond management and spending exceptions have emerged as a key strategy for issuers to minimize their potential tax liabilities. Spending exceptions are helpful tools that allow debt issuers to keep all investment earnings upon meeting certain criteria. They also provide a strategic pathway for …