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Most bondholders voted for the plan, which offers an upfront cash payment and the extension of bond maturities by 25 to 35 years.

The city of Chicago and its Sales Tax Securitization Corporation won The Bond Buyer's 22nd annual Deal of the Year award for its $1.7 billion financing that addressed initiatives related to affordable housing, homelessness support services, environmental justice, and community development.

Republicans have repeatedly criticized the California high-speed rail project as a waste of taxpayer money.

Municipal experts say buying attractively priced tax-exempt securities in the final weeks of 2023 could benefit portfolios well into 2024.

The Municipal Securities Rulemaking Board is looking to fill three positions on its board for the 2025 fiscal year.

Fitch Ratings has raised the Turnpike Authority's ratings to BBB-plus from BBB and assigned BBB-plus ratings to the Series 2024 A&B senior lien turnpike revenue bonds and Series 2024 subordinated TIFIA loan.

The $1.7 billion financing included Chicago's first social-designated bonds and a cross-credit refunding tender and addressed initiatives related to affordable housing and community development.

"This week's new issue calendar should be well received," said Anders S. Persson, Nuveen's chief investment officer for global fixed income, and Daniel J. Close, Nuveen's head of municipals.