In yesterday's Market Column, we inaccurately reported the North Texas Tollway Authority ratio of fixed-rate debt on today's $2.3 billion revenue bond deal. The original plan called for 10% of the debt to be unhedged variable rate. The new plan approved by the NTTA board at a special meeting yesterday increases the unhedged variable-rate offering to 30%.
St. Louis Community Ice Center drew on a debt service reserve to make payments on its unrated Series 2018A revenue bonds and defaulted on its 2018B bonds.
Ending a challenging week with ongoing geopolitical tensions and rising oil prices, muni yields were cut one to four basis points, depending on the scale.
The homeowners insurance market in the U.S. "faces mounting strain from severe climate risk," Benjamin Collier and the other authors said in their commentary.
Guessing what may happen as Congress pounds away on a surface transportation reauthorization bill has not rattled credit ratings so far, but a key deadline could slip.
Martina Hinojosa and Kevin O'Donnell Stanek have joined FBT Gibbons' public finance practice as partners.
The new state income tax is expected to make Washington munis, which are exempt, more attractive for high-earning residents.
