Karen is a senior reporter covering the Southwest. She has covered the municipal bond market for more than 30 years at The Bond Buyer and Reuters. Prior to that she wrote about futures and options markets for magazines and was an award-winning reporter for a suburban Chicago newspaper chain.
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The bonds are part of an $814 million infrastructure funding package that includes an extension of a 0.95% sales tax also approved by voters.
August 10 -
While acknowledging disputed allegations of mismanagement and infractions on the part of venue owner Legacy Cares, the judge denied a motion by the U.S. trustee in the Chapter 11 bankruptcy to appoint an independent trustee or dismiss the case.
August 10 -
Mercy Hospital plans to sell facilities and other assets to the University of Iowa, which approved $20 million for the acquisition.
August 9 -
"It's very rewarding to look back and say I helped that educational process get done, or I helped this hospital get financed," Hill Feinberg said.
August 9 -
Unlike many in the municipal bond market, Frank Fairman's career has been spent at one firm — Minneapolis-based Piper Sandler — which he joined in 1983 as a nascent investment banker and where he has headed public finance services since 1991.
August 9 -
Extending the tax, which expires at the end of 2025, would raise billions of dollars for transportation projects in the nation's fourth-largest county.
August 7 -
Wells Fargo is the latest investment bank to undergo a Texas Attorney General review of its compliance with a 2021 law.
August 4 -
The turnpike authority will now seek reapproval from the Oklahoma Council of Bond Oversight before it can head to the municipal bond market.
August 2 -
Major bondholder Preston Hollow and the trustee for $86 million of debt sold for Mercy Iowa City in 2011 and 2018 pointed to default events.
August 1 -
The state-created agency has a plan to finally tap hitherto unused proceeds from a 2021 bond issue.
July 31 -
The second largest Texas city could be headed to a trifecta of triple-A ratings after Fitch revised the outlook on the city's AA-plus rating to positive.
July 27 -
Mayor David Holt says the city and its NBA team can replace the Paycom Center with a bigger facility without raising taxes.
July 26 -
Energy-producing states are riding out oil and natural gas price swings that affect severance tax collections.
July 24 -
Bondholders, other creditors, and the venue's owner argued the U.S. trustee's move would be detrimental for a plan to sell the facility to maximize recoveries.
July 21 -
Utilities paid sky-high prices for natural gas and power during Winter Storm Uri, leading to the issuance last year of nearly $2.9 billion of bonds to cover those costs.
July 19 -
The one-notch upgrade to AA reflects growth in Kansas Department of Transportation available fund balances and the state's improved credit quality, Fitch said.
July 18 -
Amid bankruptcy proceedings, the project's owner and bondholders agreed to a plan to re-issue most of the defaulted debt.
July 18 -
The airport's bond ratings were raised a notch to A-plus by S&P and to AA by KBRA.
July 17 -
After months of feuding on how to deliver a massive property tax cut, lawmakers finally passed legislation for an $18 billion package.
July 14 -
As the Oklahoma Supreme Court nears a decision on the validity of initial bonds for the turnpike's $5 billion project, property owners again raised objections.
July 14
