The Los Angeles County Metropolitan Transportation Authority’s board of directors will vote on Sept. 29 whether to issue $250 million in bonds.
The debt includes a $150 million refunding and an associated new-money issuance of $100 million. The board will also appoint underwriters at the meeting.
If the board approves the move, the transportation authority will issue the bonds at the end of October, according to Terry Matsumoto, Metro’s chief financial officer.
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
Photos from The Bond Buyer's Texas Public Finance conference.
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
