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Larger deals, fewer issues: those were the overarching municipal bond sale trends, along with a surge in tax-exempt deals, across the Midwest in 2023.
February 21 -
Lansing's Board of Water and Light is issuing $350 million of tax-exempt bonds in a deal that would fund a tender offer for $232.6 million of outstanding debt.
January 10 -
Bonds used to buy eight senior living properties in Michigan and Ohio are likely to default within six months, S&P Global Ratings said.
January 4 -
The muni market saw $379.992 billion of debt issued in 2023, only $11.076 billion less than the lackluster $391.068 billion seen in 2022.
December 29 -
Michigan is paying down debts of six local school districts – two of which have closed or merged with neighbors – including outstanding bond balances.
December 26 -
The deal has new-money and refunding components and is expected to hit the market in a negotiated sale the week of Nov. 13.
October 31 -
October's total volume rose 29.3% to $37.156 billion in 661 issues from $28.738 billion in 614 issues a year earlier. New-money grew more than 30% while refundings were up by nearly 75%.
October 31 -
Gov. Gretchen Whitmer chose Jen Flood, her deputy chief of staff, to replace Chris Harkins who is leaving state government later this year.
October 26 -
Although the strike shouldn't "have significant adverse revenue consequences for Michigan or its local governments, it nevertheless highlights longer-term challenges for a state that is still disproportionately exposed to the domestic auto and auto parts industries," Moody's says.
September 20 -
The city cites stronger tax collections, continued economic growth and stability, and revenue sharing increases provided in the state budget.
September 15