The Metropolitan Washington Airports Authority is pricing $714.4 million worth of airport system revenue and refunding bonds on Thursday as part of a scheduled sale with an uncertain demand.
The top five featured in the ranking handled deals totalling more than $84 billion in par value.
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"There's a tremendous amount of teamwork, both within an organization and then among all of the working group members," Eileen Heitzler said. "And the end result is a project with a public purpose."
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As bond counsel, Walsh has financed health care and affordable care facilities, continuing care retirement communities, charter schools and many other nonprofit organizations.
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The finance team burned the midnight oil to assemble and market one of the most complex deals in the municipal market this year.
With an insolvent Highway Trust Fund, toll revenue and PABs are increasingly important for transportation financing, lobbyists said.
Two triple-A bond deals from the Lone Star State to finance water-related projects are scheduled to price this week in the municipal market.
Two triple-A bond deals from the Lone Star State to finance water-related projects are scheduled to price this week in the municipal market.
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The finance team burned the midnight oil to assemble and market one of the most complex deals in the municipal market this year.
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The projects funded by the deal align with the city of Alexandria's goal to reduce community-wide greenhouse gas emissions 50% by 2030.
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The $4.5 billion of New York Transportation Development Corp. bonds sold for the P3 won the Northeast category of The Bond Buyer's 2024 Deal of the Year awards.
- ON-DEMAND VIDEO
KC Mathews, executive vice president and chief market strategist at Commerce Trust breaks down the FOMC meeting.
- ON-DEMAND VIDEO
Pamela Frederick and Adam Barsky will share their views on the importance of the tax-exemption, how it benefits state and local governments, taxpayers, and U.S. retail investors -- and keeps the country competitive on a global scale.
- ON-DEMAND VIDEO
Gary Hall, President of the Infrastructure & Public Finance Division at Siebert Williams Shank & Co., joins Bond Buyer Executive Editor Lynne Funk to talk about the importance of the muni industry in financing the country's extensive infrastructure needs -- from ports and airports to bridges and energy solutions.
Reported savings from advance refundings make great headlines, but they come with a concealed opportunity cost: waiting with refunding until the call date is likely to be considerably more beneficial.
Issuers routinely refund 5% bonds in year 10, and the resulting savings can be significant. It is notable that although refunding is typically associated with declining interest rates, 5% bonds are refunded even if rates rise.
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Randy Miller, 70, and Chad Miller, 41, entered guilty pleas Wednesday in the Legacy Cares securities fraud case and will be sentenced at a later date.
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The judge ruled the administration cannot freeze New York's federal funds in its bid to halt the controversial tolling program.
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The Internal Revenue Service is requesting documents from the Erie City Water Authority regarding a $36,320,000 issuance of Water Revenue Bonds Series D of 2019.
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The Senate will likely revise the House bill, which left tax-exempt bonds untouched after months of speculation.
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The state supreme court agreed to review the ruling in favor of a group of Wall Street banks that whistleblower Edelweiss said cost the state at least $100 million.
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- Primary Market ReportWeeklyRecap of articles on new issuance as well as Featured Deals on the week.