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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Laws banning banks from underwriting municipal bond deals because of their fossil fuel or firearm policies dramatically boosted underwriting spreads, a business group's study said.
18m ago -
The traditional tax exemption "does take some of the volatility out," said Mark Ritacco, chief government affairs officer for the National Association of Counties.
48m ago -
Analysts ponder what the Fed will do this year with a March cut ruled out amid recent reports of higher-than-expected inflation.
March 18 -
The New York MTA has not sold fixed-rate transportation revenue bonds since February 2021. The first maturity of that deal (4% 11/15/44) priced at +81 and was evaluated at +78 as of Wednesday by BVAL, according to CreditSights strategists. The same maturity but with a 5% coupon was priced at +59 to BVAL.
March 18 -
California State Senate suggests deficit-shrinking cuts ahead of formal budget.
March 18 -
Marc Livolsi was promoted to lead U.S. Public Finance New Issue Marketing and Business Development, and Evan Boulukos will lead Assured's Secondary Markets desk, both of whom will report to Chris Chafizadeh, senior managing director and co-head of Public Finance.
March 18