Thursday's story about Assured Guaranty Ltd.'s planned acquisition of Financial Security Assurance Holdings Ltd. contained incorrect information on their bond insurance subsidiaries' year-to-date production. Assured Guaranty Corp. has wrapped 779 issues with a par value of $16.5 billion, and Financial Security Assurance Inc. has wrapped 266 bonds with a par value of $2.6 billion. The original story included their first-quarter production numbers.
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Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
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Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
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It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
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Photos from The Bond Buyer's Texas Public Finance conference.
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The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
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"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
April 25