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Slides | Webinar Replay

This webinar will discuss arbitrage opportunities in the context of the current market environment and the implications of the presence of positive arbitrage on debt and investment management strategies for public agencies. Speakers will comment on considerations for applying positive arbitrage as a potential cost-saving strategy when issuing or refinancing debt while mindfully complying with the Internal Revenue Service (IRS) requirements for arbitrage rebate and yield restriction. Speakers will also explore different debt structures that utilize positive arbitrage in the context of the rebate process, options to manage arbitrage allowances, the private use of government funds, and IRS audits.

Speakers

Craig Hill, Managing Principal, NHA Advisors

John Stanley, Partner, Orrick, Herrington & Sutcliffe LLC

Simon A. Wirecki, Managing Director, Western Regional Head for Municipal Finance, Jefferies LLC

Speaker Biographies Available Here

Questions?

Contact CDIAC for assistance by emailing CDIACEducation@treasurer.ca.gov or calling (916) 653-3269.