The Chicago Tribune writes "​Nuveen to restructure auction-​rate debt issues". "​Chicago-​based Nuveen Investments Inc. said Wednesday that the firm is gaining traction in its effort to refinance billions of dollars worth of auction-​rate securities that are currently frozen," says the article. It continues, "​Among other things, the VRDP that Nuveen is seeking to arrange would provide holders with an unconditional '​put' option, which means that investors would have the right to demand return of their principal. That provision would make the debt attractive to money-​market funds which are currently prohibited from investing in ARPS."

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