Commonwealth of Puerto Rico

The MTA offered $2.2 billion of green bonds to retail buyers, looking to save on borrowing costs with a type of sale that may be banned under pending tax legislation.

Puerto Rico’s government announced it would pay its annual Christmas bonus to workers this year.

The New York Metropolitan Transportation Authority’s $2.2 billion deal was offered to retail buyers. In secondary trading, municipals were trading mixed at mid-session.

The New York Metropolitan Transportation Authority heads to market on Monday with the week’s biggest deal — a $2 billion green bond offering.

Muni volume gets a boost during the Thanksgiving holiday week as one of the nation's biggest issuers comes to market with a type of deal that may be banned after this year under pending tax reform legislation.

The municipal bond market is looking ahead to the Thanksgiving week’s $4.2 billion new issue calendar, which is headlined by the New York Metropolitan Transportation Authority’s $2 billion green bond offering.

Texas also would get less funding than it says it needs in the White House request, set to be made on Friday.

After a busy week filled with many new deals, the municipal bond market is looking ahead to the Thanksgiving week’s calendar, which is headlined by the New York Metropolitan Transportation Authority’s $2 billion green bond offering.

U.S. Sen. Elizabeth Warren and Rep. Nydia Velázquez called for the Oversight Board to eliminate all of Puerto Rico’s public sector debt.

Two GOP Representatives argued that the Puerto Rico Oversight Board should be given additional powers over the Puerto Rico Electric Power Authority.

The biggest share of the funds, $31 billion, would be used to rebuild homes.

Title III bankruptcy Judge Laura Taylor Swain ruled that the Puerto Rico Oversight Board didn’t have the power to replace the leader of the Puerto Rico Electric Power Authority.

The Title III Puerto Rico bankruptcy judge will hear arguments Monday on the Puerto Rico Oversight Board’s motion to replace the Puerto Rico Electric Power Authority’s leader.

The municipal market will get another healthy dose of issuance in the final full week before Thanksgiving. The calendar is chock full of deals from Illinois, as all issuers look to price bonds before the tax laws change.

Municipal bonds were markedly weaker at midday as market participants remain fixated on the newly released Senate tax reform proposal and how it compares with the House version.

Municipal bond market participants are scanning the news closely for details of tax reform provisions that affect them.

Though Federal assistance may have helped lessen the impact of Hurricane Maria, analysts said there are still "plenty of reasons to worry" about the government's ability to function.

The chair of the House committee that oversees Puerto Rico said after Hurricane Maria a "stronger mechanism" is needed to ensure Puerto Rico's recovery.

Creditor groups have come down on both sides of a hedge fund's constitutional attack on the PROMESA oversight board.

The Puerto Rico Oversight Board plans to shorten its fiscal plans to five years from 10 while still seeking structural balance,