Friday's story about Investment Grade Municipal Income Fund Inc. mischaracterized a proposal that failed to command enough shareholder votes. The proposal was for a new management contract with UBS Global Asset Management as adviser, not to renew the existing contract. The fund's board has the right to retain UBS as adviser even if the proposal to modify the contract failed.
Hays County prevailed in its appeal of a district court ruling affecting nearly $440 million of general obligation bonds voters approved in 2024.
On the state P3 front, PennDOT aims to complete a review of a proposed $5 billion toll lane project next year.
Ohio Dominican University became the latest Midwest private religious college to run into financial trouble after it missed a bond payment.
Volume was robust last week, with a nearly $20 billion new-issue calendar, and while supply dips to $13 billion this week, it will end up higher thanks to four sizable prepay energy deals that priced on Monday and Tuesday.
Four deals were on the day-to-day calendar, "playing it close to the vest, and all of a sudden, boom, they all get done," said Pat Luby, head of municipal strategy at CreditSights.
A proposed $3 billion sports and entertainment district would involve bond issuance for a Dallas Stars hockey arena and public infrastructure.
