This informative volume is a thoroughly revised and updated edition of the classic text on the municipal securities market written by neil ohara for the securities industry and financial markets association sifma the principal trade group representing securities firms and banks active in the municipal bond market the sixth edition of the fundamentals of municipal bonds provides . The definitive new edition of the most trusted book on municipal bonds as of the end of 1998 municipal bonds issued by state or local governments to finance public works programs such as the building of schools streets and electrical grids totaled almost 15 trillion in outstanding debt a number that has only increased over time. Get this from a library the fundamentals of municipal bonds neil ohara judy wesalo temel securities industry and financial markets association the definitive new edition of the most trusted book on municipal bonds as of the end of 1998 municipal bonds issued by state or local governments to finance public works programs such as the . The fundamentals of municipal bonds study play chapter 1 overview of the municipal bond market the issuers state or local government who promise to repay an amount of money borrowed via a municipal security investors also refereed to as lenders they purchase the municipal securities offered from the issuers. Intended for investment professionals interested in how us municipal bonds work the fundamentals of municipal bonds sixth edition explains the bond contract and recent changes in this market providing investors with the information and tools they need to make bonds reliable parts of their portfolios
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