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The municipal market was hammered Wednesday by the COVID-19 pandemic with a more than quarter point correction in AAA benchmarks, issuers pulling deals off the shelves and more reports of pricing and evaluation confusion.
March 11 -
More than $1 billion of taxable and tax-exempt issuance is planned.
March 3 -
The Illinois attorney general's office is also believed to be looking into the foundation, which issued $170 million of tax-exempt bonds that have defaulted.
February 26 -
Taxable refundings caught on in the Midwest as they did elsewhere in the nation, helping the region post a 19% volume gain.
February 25 -
Bankruptcy hearings are underway for Lindan Properties, one of five troubled bond-financed Better Housing Foundation affordable housing portfolios in the area.
February 24 -
The state conduit that issued $170 million of defaulted Better Housing Foundation bonds is weighing in as S&P prepares housing bond criteria changes.
February 10 -
A proposed asset sale would resolve — with a loss for bond investors — one of five Better Housing Foundation-owned portfolios in default in the Chicago area.
February 5 -
The Better Housing Foundation's Chicagoland suburban bond portfolios are now experiencing bond covenant and payment defaults.
January 14 -
The Illinois Finance Authority and Chicago closed on the first property assessed clean energy bond deal in the state and authorization is in place for more.
December 9 -
The municipal market will get a pause from the breakneck issuance, as things will slow down for Thanksgiving but should pick up right where they left off the first week of December.
November 22