Louis said it supported the project but refused to guarantee bonds for it, a city spokesman said.
Louis's decision not to guarantee the bonds also led to an interesting twist in the financing.
But the paper said a key condition would require Shi to provide his own personal assets to guarantee that those bonds would be repaid.
FORBES: China's Government To the Rescue As Solar Crisis Deepens
Before the FDIC can guarantee financial firms' bonds, as it did in 2008, it now needs congressional approval.
The second is that the Treasury should simply guarantee mortgage-backed bonds.
The Irish government made a surprise unilateral move this week to guarantee all deposits, bonds and debts in the six biggest Irish banks for the next two years.
The state guarantee by Ireland of all bonds and deposits in Irish banks.
Both companies guarantee the creditworthiness of these bonds, but not the interest-rate risk.
At present, we can have no guarantee that the sales of these bonds will occur at par value.
The total guarantee of all bank deposits and bonds.
FORBES: Links 25 March: Sense In Cyprus, How To Deal With Both Deposit Insurance And Moral Hazard
First, they buy enough zero-coupon bonds to meet the principal guarantee.
FORBES: Equity Linked CDs: More Garbage Wall Street Wants To Feed You
My vote for the most unjustly maligned financial sector stocks goes to the bond insurers, which guarantee principal repayment and interest for most municipal bonds.
Because the Rhode Island loan guarantee is backed by "moral obligation" bonds, the state can choose to not pay the millions borrowed by 38 Studios.
Because of the subsidy, bonds backed by Mr Miyazawa's guarantee fund would allow Asia's governments to raise money more cheaply, and many will no doubt take him up on the offer.
This stems from a Financial Accounting Standards Board ruling that airport bonds should be treated as debt of the airlines that guarantee them.
And second, because of the principal guarantee, the Internal Revenue Service treats these like zero-coupon bonds, meaning you pay taxes on imputed interest of around 5% each year, at ordinary-income rates as high as 35%.
They also include a partial guarantee on their principal via the purchase of U.S. Treasury zero-coupon bonds, or Treasury STRIPS, held in escrow by the U.S. Treasury.
Before the market blew up, state and local governments could reassure bondholders that if they ran into financial trouble, their bonds would be honored by specialty insurers, like MBIA , Ambac and Federal Guarantee Insurance Company (FGIC).
应用推荐