Wisconsin's WHEFA will issue $75.985 million of tax-exempt bonds for a developer to convert two Milwaukee apartment buildings to affordable housing.
The professionals are expected to strengthen Raymond James' abilities in land-secured public finance.
Munis are experiencing a correction driven by high issuance and misaligned muni-UST ratios, according to Kim Olsan of NewSquare Capital. However, investors seem interested in the new, higher yields.
An index of AMT bonds has gained 1.84% year-to-date, outperforming a broad non-AMT index by 92 basis points.
Senior bondholders will take a nearly 70% haircut.
As the public backlash against data centers begins to influence politics around the beltway, industry supporters point to the effects of tax revenue generated at the local level.
