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The Dormitory Authority of the State of New York was the top issuer in the first half of 2025, with $6.6 billion in par amount across eight deals.
The top issuers saw a number of new entrants, including the Massachusetts Development Finance Agency, the California Infrastructure and Economic Development Bank, the Southeast Energy Authority and the Los Angeles Department of Airports, the last two of which did not issue any deals during 1H 2024.
| Rank | Issuer | 1H 2025 par amount (USD millions) | Market share | Number of issues |
|---|---|---|---|---|
| 1 | NYS Dorm Authority | $6,597.49 | 2.38% | 21 |
| 2 | NYC Transitional Finance Authority | $5,244.48 | 1.89% | 10 |
| 3 | New York City | $4,932.40 | 1.78% | 7 |
| 4 | California | $3,637.58 | 1.31% | 4 |
| 5 | Massachusetts Development Finance Agency | $3,395.77 | 1.22% | 22 |
| 6 | Triborough Bridge and Tunnel Authority | $3,300.00 | 1.19% | 5 |
| 7 | Southeast Energy Authority | $3,250.14 | 1.17% | 8 |
| 8 | Regents of the University of California | $3,211.58 | 1.16% | 3 |
| 9 | Los Angeles Department of Airports | $2,930.54 | 1.06% | 6 |
| 10 | California Infrastructure and Economic Development Bank | $2,626.05 | 0.95% | 3 |
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The step is part of a larger effort to attract financial firms to St. Croix.
October 2
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September saw the weakest month of total returns since 2008, according to J.P. Morgan analysts.
October 2
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"I want us to be forward-thinking about how we regulate, " said Chilton, whose term as board chair began Oct. 1.
October 2
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The rating agency, which switched its outlook to stable from positive last year, went back to positive due to reduced risks in DFW's massive capital program.
October 2
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The drought-prone Texas city's $300 million utility system bond issue comes to market after rainfall and ongoing projects boosted water supplies.
October 2
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Washington, D.C.'s chief financial officer released a good news-bad news revenue forecast for the city while President Trump works on several controversial renovation projects.
October 2
