Southeast

They assumed their jobs over the past year in the face of a pandemic, civil unrest and financial uncertainties, and in an industry often set in its ways.

Refinitiv Lipper reported $600 million of outflows from municipal bond mutual funds as the market correction caught up. High-yield funds lost a massive $722 million after $330 million a week prior.

Municipal bond issuers in the Southeast sold $76.91 billion of bonds in 1,152 issues in 2020, putting volume slightly ahead of 2019, according to Refinitiv data.

Municipal issuers in the Southeast sold $76.9 billion of bonds in 2020; $3.5 billion for Florida's Hurricane Catastrophe Fund was the region's biggest deal.

The deal was the largest in the authority’s history, with the lowest ever interest rate for one of its sales and netting a record-breaking $112 million in interest cost savings.

The Kentucky Kingdom amusement park, which leases its property from the Kentucky State Fair Board, will now be run by the well-seasoned operator of Dollywood.

Moody's affirmed the state's general obligation bonds at Aa3, and credited it with significant long-term progress in restoring financial reserves and liquidity.

"We need to make realistic assumptions regarding our ability to achieve expected returns in the future," said North Carolina State Treasurer Dale Folwell.

Gov. Jim Justice outlined a vision to repeal the state income tax, which drives almost half of the state's general fund revenue.

Taking advantage of low rates, the state's School Bond Authority is selling the largest bond issue in its history to refund outstanding debt.