WASHINGTON -
Thomas M. Likovich, a managing director and head of debt markets for
Francis Y. Chin, head of public finance at Salomon Smith Barney Inc.,
Spector replaces David R. Warren, managing director for the securitized
-- Lynn Hume
The new-issue calendar falls to an estimated $1.154 billion, with $939.1 million negotiated deals on tap and $214.8 million of competitives.
Chicago went to market Wednesday with $454.37 million of STSC refunding bonds, amid heated budget talks. Goldman took down $75 million of the bonds.
"What we plan to tell the SEC is that municipal securities in general shouldn't be subject to Reg. AB," BDA's Michael Decker said.
Meridiam, ACS Infrastructure Development, Sacyr Infrastructure USA LLC and Plenary Americas are among the firms that have signaled interest in the project.
The $6.3 billion all-funds budget was amended in the wake of the Nov. 4 defeat of a property tax rate increase that would have raised $109.5 million in revenue.
The deal would give the company time to seek additional equity, debt and federal funds.
