Community Standouts
New Issuance
$3,020,000 TOWN OF COVENTRY, CONNECTICUT GENERAL OBLIGATION BOND ANTICIPATION NOTES (BANK QUALIFIED)
$5,050,000 TOWN OF COVENTRY, CONNECTICUT GENERAL OBLIGATION BONDS, ISSUE OF 2026 (BANK QUALIFIED)
Anatomy of a Deal
Meredith Hathorn and Mark Kim of the MSRB
MuniThink

The MSRB remains fully committed to its strategic goal of upholding public trust and looks forward to engaging with its stakeholders in the coming weeks.

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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