Community Standouts
New Issuance
Texas Gov. Greg Abbott and Alphabet CEO Sundar Pichai in Midlothian, Texas, on Nov. 14

Some Southwest states and local governments are reassessing data center developments amid public backlash and litigation against the proliferating projects.

Texas Gov. Greg Abbott and Alphabet CEO Sundar Pichai in Midlothian, Texas, on Nov. 14

Some Southwest states and local governments are reassessing data center developments amid public backlash and litigation against the proliferating projects.

Anatomy of a Deal
bienstock-gregg.jpg
MuniThink

A recent NABL webinar reminded the market that MAs can face liability under anti-fraud provisions of the Securities Exchange Act.

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.

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