Refundings

Since the passage of the 2017 Tax Cuts and Jobs Act (TCJA), issuers no longer have the ability to advance refund their bonds in a tax-exempt manner. The post-TCJA landscape has caused issuers to get creative with how they achieve savings, leading to the rise in popularity of tools such as tender refundings. Join this panel to learn the intricacies of these tools, what you need to consider before using them, and how you too can leverage them for the benefit of your jurisdiction.