Southwest

Municipal bond issuers in the Southwest sold $90.8 billion of debt in 2021, down 3.2% from 2020 as lost refunding volume outpaced a gain in new-money sales.

Four Texas defaults reflect a sector that accounts for half of this year's municipal bond defaults, according to Municipal Market Analytics.

Last week saw the first co-op securitization to finance storm costs, a $908 million deal that could set a national model for utilities.

The broker-dealer has added several people to a team that specializes in land-based municipal bond transactions.

Utilities in Texas and eastern Washington see the benefit of serving the power hungry operations.

The Texas attorney general’s office is seeking more information on Citigroup’s gun policies as the bank stages a comeback in the state’s municipal bond market.

The Marshall Fire burned 6,000 acres in 24 hours and destroyed more than 1,000 homes in suburban Boulder County between Denver and Boulder.

The Department of the Treasury’s warning letter to Arizona may be a warning to all states who defy the Biden Administration’s rules related to ARPA funding, but disclosure related to clawbacks could be a problem for muni issuers.

The city, which previously spent tens of millions of dollars to keep the NHL's Arizona Coyotes from leaving, will turf the team from its arena at season's end.

If it clears the legal hurdle, the company that owns the $30 billion project may seek a $12 billion Railroad Rehabilitation and Improvement Financing loan.