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BRIEF-Moody's says new variable rate demand bonds issuance in Q4 affected by lower demand from institutional money market funds
February 16, 2017 / 4:21 PM / 9 months ago

BRIEF-Moody's says new variable rate demand bonds issuance in Q4 affected by lower demand from institutional money market funds

Feb 16 (Reuters) - Moody‘s:

* Says banks committed nearly $10 billion of credit and liquidity support for variable rate demand bonds, commercial paper transactions in Q4 2016

* Credit and liquidity commitment in Q4 significantly less than $17.8 billion quarterly average of commitments issued during first 3 quarters of 2016

* New VRDB issuance in Q4 affected by lower demand from institutional money market funds due to tighter SEC rules on money fund operations Source text - (bit.ly/2lWUcXt)

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