After having been withdrawn from the energy bill in the Senate, controversial legislation to provide federal funds to Flint, Mich., and any other community facing a water crisis, has been included in a major water bill introduced in the chamber this week.
Sewon Kim has joined Siebert Brandford Shank as head of its Transportation Banking Group, the firm announced on Wednesday. Kim, a 16-year industry veteran, will be based in the firms New York City headquarters on Wall Street.
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Puerto Ricos main electricity provider is seeking to prolong a bond-purchase agreement with its creditors to May 2, averting a potential termination of a larger debt-restructuring deal, according to three people with knowledge of the negotiations. more »
Bethlehem's bond rating jumped two notches to an A-minus, a grade that city officials say will whittle down the cost of bond insurance if its parking agency borrows $17.4 million to build a garage on the South Side. more »
Scranton plans to take on $40 million in debt to finance a back pay settlement with the police and firefighter unions and pay off some other debt, city officials said Wednesday during a work session. more »
With Atlantic City teetering on the brink of insolvency, Mayor Don Guardian is considering skipping a $1.8 million interest payment on municipal bonds due May 1, chief of staff Chris Filiciello said Tuesday. more »
A vote on the Puerto Rico bill may be stalled until mid-July as many, including unions and other groups, press for changes to address concerns over debt restructuring and oversight board provisions as well as to protect the island's pensioners more »
Brian Fraser, co-chair of the litigation department at Richards Kibbe & Orbe LLP, examines the challenges of distinguishing a loan from a bond and a loan from a security, in a chat with Bond Buyer northeast regional editor Paul Burton.
Worst case, to-maturity debt service calculations that ignore the issuer's optional redemption feature lead to flatly wrong calculations for critical items like expected capital cost, refunding savings, and simple, basic principal and interest payments.