Siebert Brandford Shank & Co. Will Expand Underwriting Services
Siebert Brandford Shank & Co. has executed a letter of intent to acquire Siebert Capital Markets, a division of Siebert Financial Corp.
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San Antonio's CPS Energy expects major savings with a $263.7 million refunding coming to market on Sept. 23. more »
Chicago-based Mesirow Financial has hired veteran bond underwriter Stephen "Jay" Murphy to bolster its municipal desk. more »
California is making its debut into the "green bond" market next week with its $2.3 billion general obligation bond sale. more »
Mizuho Bank hired John Castanon as a director in its public finance investment banking group. more »
The Ohio State University, one of the largest schools in the country, is pondering the issuance of $150 million of century bonds, which would mark its second 100-year debt sale to date. more »
Janney Montgomery Scott LLC promoted 17-year industry veteran Kevin Reed to head its wealth management division, part of an effort to expand and enhance the firm's products and services. more »
With the future of the Windstorm Insurance Association in doubt, Texas is preparing to issue $500 million for the program that protects property owners in the coastal region. more »
Massachusetts begins a three-day retail order period for $350 million of general obligation environmental green bonds in a week in which it also has a $330 million GO refunding on the calendar. more »
A $481 million San Francisco Airport Commission sale will lead the activity in the primary market this week as part of an estimated $6 billion of new-issue volume - the highest estimated volume in almost three months. more »
A Treasury Department official, a former Federal Reserve Board chair, congressional staffers and state treasurers spoke at an industry-sponsored municipal securities conference on Thursday that was closed to the press. more »
Detroit and Syncora Guarantee Inc. will spend the next few days working to finalize a major agreement that would speed up the bankruptcy, but important questions remain in the case, muni market experts said. more »
The Minneapolis-St. Paul Metropolitan Airports Commission heads into the market Wednesday with a $275 million subordinate general airport revenue refunding with no near-term new-money borrowing in sight. more »
The consortium fronted by Sweden's Skanska that is building the $2.3 billion Interstate 4 project in central Florida says it has reached financial close on the concession and loans. more »

Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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