Market Intelligence analyst Jeff Lipton argues MRBs can add value to conservative muni sleeves, but warns that extraordinary redemption features, prepayment behavior, loan origination performance and liquidity constraints can make redemption analysis just as important as credit analysis.
The latest research from The Bond Buyer predicts supply and issuance volume will grow in the months ahead.
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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.
As the Trump administration puts its stamp on dispensing infrastructure funding, proponents of P3's, PABs, federal and formula funding are squaring off against grants to state and local governments.
James Wylie is corporate counsel at the State Employee Credit Union of Maryland and the former head of the Division of Public Interest Examinations at the Federal Housing Finance Agency.
James Wylie is corporate counsel at the State Employee Credit Union of Maryland and the former head of the Division of Public Interest Examinations at the Federal Housing Finance Agency.
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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.
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ON-DEMAND VIDEOKC Mathews, executive vice president and chief market strategist at Commerce Trust breaks down the FOMC meeting.
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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.
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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.
Unfortunately, a vocal minority believes eliminating the longstanding tax exemption on local, state, and municipal bonds is one way to pay for extending tax cuts.
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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Litigants say $400 million in planned Port of South Louisiana bonds were not properly advertised. It's part of a wider challenge to industrial development plans.
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"I find this a very encouraging appointment," Peter Chan, a partner at law firm Baker McKenzie, said of Woodcock's appointment.
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Financial mismanagement and apparent revenue diversion led to events of default for centers owned by and financed through the PFA, the bond trustee said.
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The state Supreme Court's decision did not address the 2022 law's governmental contract ban for businesses deemed to be "boycotting" the fossil fuel industry.
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"I would much rather invest in the muni, both in terms of default rates and in terms of the yield that you're getting off of those," said Travis Lower.
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