Due to inaccurate information provided by the Massachusetts Turnpike Authority, Monday's story about the agency included incorrect details. MassPike is currently working with four different underwriters on refinancing $800 million of fixed-rate debt into variable-rate mode. Citi and JPMorgan will structure $229 million and $207 million, respectively. Morgan Stanley and Merrill Lynch & Co. will price $185 million each.
The new-issue calendar is led by Washington with $1.3 billion of GOs selling by competitive bid in three series.
A trio of current and former Alaska lawmakers presented views differing from the governor's on how to solve the state's budget red ink.
Kutak Rock warns tax attorneys about the Internal Revenue Service doing compliance checks as opposed to formal audits on certain multifamily bond issues as tax season is expected to add more stress to an understaffed agency.
The rating agency cited weak operating results and high leverage.
Piper Sandler will price $100 million of electric revenue bonds for Iowa public utility Muscatine Power and Water on Wednesday.
Longer-term bonds could ease financial pressure for Sound Transit's $54 billion long-range plans.
