Union Financial Services Stares Y2K in the Face

Denver-based student loan securitizer Union Financial Services is not afraid of big bad Y2K. Instead of a looming threat, Union Financial is looking at the millenium computer bug as an opportunity to sell its student loan bonds at liquid prices. As Union Financial Senior Vice President Ron Page said, a dearth of product could cut a path to attractive spreads.

"If there's an opportunity to sell debt there, we're going to take it," Page said.