Legal
Market Intelligence

As climate and cybersecurity risks intensify, Jeff Lipton argues it's time for the legal community to lead a new era of municipal disclosure — tightening language, clarifying exposures, and ensuring investor confidence.

Community Standouts
New Issuance
Miami International Airport

The rating agency cited solid financial performance and a stabilizing leverage profile.

Miami International Airport

The rating agency cited solid financial performance and a stabilizing leverage profile.

Anatomy of a Deal
MuniThink

There are, in practice, a limited number of ways to invest in infrastructure and it is impossible to do so without getting involved in state and municipal financing from an effectiveness perspective — putting aside cost, because government entities are the primary way the federal government moves its money into the market.

Andrew Kalotay says taxpayers would have come out half a billion ahead had the issuer waited out the call date instead of refunding their exempt bonds with taxable paper for 14 transactions between 2018 and 2020.
MuniThink

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.

Sign up for Newsletters
Get the must-read stories and valuable insights delivered directly to your inbox.
  • Daily Briefing
    Delivered Every Weekday
    Ideas that impact your business delivered to your inbox every day.
  • Intraday News Update
    Delivered Every Weekday
    Get notified on breaking news and events.
  • Primary Market Report
    Weekly
    Recap of articles on new issuance as well as Featured Deals on the week.