"We are on the cusp of major changes in how the municipal securities market operates," Dave Sanchez, director of the Securities and Exchange Commission's Office of Municipal Securities, said last week.
The latest research from The Bond Buyer predicts supply and issuance volume will grow in the months ahead.
-
"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."
-
As bond counsel, Walsh has financed health care and affordable care facilities, continuing care retirement communities, charter schools and many other nonprofit organizations.
-
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.
"When FINRA and MSRB rules which cover similar functions differ in their application, it raises compliance costs for dealers and raises the risk of inadvertent noncompliance," the Bond Dealers of America said in its letter.
"When FINRA and MSRB rules which cover similar functions differ in their application, it raises compliance costs for dealers and raises the risk of inadvertent noncompliance," the Bond Dealers of America said in its letter.
-
The finance team burned the midnight oil to assemble and market one of the most complex deals in the municipal market this year.
-
The projects funded by the deal align with the city of Alexandria's goal to reduce community-wide greenhouse gas emissions 50% by 2030.
-
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 VIDEOKC Mathews, executive vice president and chief market strategist at Commerce Trust breaks down the FOMC meeting.
-
ON-DEMAND VIDEOPamela 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 VIDEOGary 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.
Issuers should recognize their ability to prepay debt is an extremely important term, and they should consult with their MAs to achieve the most liberal prepayment term consistent with the type of financing they are doing.
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.
-
Pasadena and the Rose Bowl Operating Co. are suing UCLA, saying plans to relocate football games to SoFi stadium could jeopardize $130 million in revenue bonds.
-
Both parties agree the federal permitting process drives up infrastructure costs.
-
The compliance outreach program for municipal advisors and dealers, will be hosted jointly by the SEC, MSRB and FINRA.
-
"We sued to take a stand against the SROs on principle," an ASA spokesperson said Wednesday in a reference to both the MSRB and FINRA.
-
State legislators are prepping for a coming storm of budget turmoil caused by shifting Medicaid policy as the era of historic tax cuts appears to be ending.
- Daily BriefingDelivered Every WeekdayIdeas that impact your business delivered to your inbox every day.
- Intraday News UpdateDelivered Every WeekdayGet notified on breaking news and events.
- Primary Market ReportWeeklyRecap of articles on new issuance as well as Featured Deals on the week.
-
Sponsor Content from Bloomberg -
Sponsor Content from DebtBook -
Sponsor Content from MuniPro -
Sponsor Content from Orrick
