Pricing & Disclosure Details Released on $500 Billion Municipal Liquidity Facility

Thoughtware Alert Published: May 13, 2020
Government Buildings

The Municipal Liquidity Facility—an emergency liquidity facility funded by the Exchange Stabilization Fund created by the Coronavirus Aid, Relief, and Economic Security Act—special purpose vehicle will provide up to $500 billion in lending to state and local governments through the direct purchase of short-term notes. On May 11, 2020, the Federal Reserve updated a FAQ document. The article examines new details on sales process, pricing and disclosure requirements.

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