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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 -
The EPA failed to follow an escalation policy that was crafted in the wake of the water crisis in Flint, Michigan.
September 11 -
Despite this, August saw the largest monthly volume of 2023, helped by several billion-dollar deals and multiple Texas school district deals.
August 31 -
Issuers in the Midwest sold $32.6 billion of debt spread over 1,223 deals in the first half, down from $40.5 billion a year earlier.
August 22 -
The State Trunk Line Fund deal is the latest to fund the state's $3.5 billion bond authorization for highways. After this deal $700 million remains.
August 22 -
"Bearish Treasury moves have kept some pressure on the muni market and prevented an attempt to rally during the summer season when large redemptions trump issuance," BofA Global Research said in a report.
August 18