Types of Debt Instruments and Understanding Refundings - February 13, 2014

Fundamentals of Debt Series
Group-live course
Prerequisites: None
Course level: Basic  
CPE credits: 2

Time: 2:00 – 4:00 p.m. (Eastern)



Register online


Who Will Benefit

Finance staff, new chief financial officers, and those who are responsible for their entity’s debt management.

Participants will be provided with the tools and techniques needed to understand issuing and managing their jurisdiction’s debt.  

Series Topic:

Types of Debt Instruments and Understanding Refundings 

An overview of the types of debt instruments available (tax-exempt/taxable; fixed/variable rate), pledging responsibilities, IRS regulations, and the use of market data will be addressed. Additionally, the course will review the opportunities for refunding, and how to determine when refunding makes the most economic sense.


Seminar Objectives

  • Develop a thorough understanding of the various debt instruments available to state and local governments
  • Develop effective policy guidelines for debt management
  • Bring awareness to using and hiring outside finance professionals
  • Understand issuer disclosure responsibilities 
  • Get the most out of rating agency presentations

Recommended Reading

  • Debt Issuance and Management: A Guide for Smaller Governments
  • An Elected Official’s Guide: Debt Issuance, second edition
  • A Guide for Preparing a Debt Policy
  • Tax-Exempt Financing: A Primer, revised edition
  • Benchmarking and Measuring Debt Capacity (GFOA Budgeting Series, Vol. 1)


Registration Fees - GFOA member:  $85     Nonmember:  $160