News and Information from Bond Buyer

A Delaware Superior Court judge found PHC failed to show it suffered reputational loss from Nuveen's alleged defamation to go to trial. PHC will appeal.

A new-issue supply-focused buy-side had their sights on the $8 billion-plus flowing into the primary market this week, while municipal traders remained cautious, keeping an eye on bid-wanted lists in the secondary market.

Detroit still may ask the federal bankruptcy court to intervene in a pension fund matter that could add to the city's financial stress.

The taxpayer refunds captured the most attention, but the final budget also includes a multi-year $47 billion infrastructure package.

Bondholders contest Puerto Rico Oversight Board's claim that parties are engaging constructively in mediation.

The U.S. Conference of Mayors launched the P3 task force as cities prepare for an influx of federal infrastructure aid.

From disclosure to issuance labels, the Chicago finance team is shaping ESG practices that are top of mind for municipal market.

A bearish market sentiment and elevated muni to UST ratios often represent a buy signal. Taxable equivalent yields are compelling for buy-and-hold investors, analysts say.

Unsecured Creditors Committee attorney Luc Despins, said, “After five years, the results are in: the strategy has gone nowhere.” 

The Municipal Securities Rulemaking Board’s visiting scholar Lourdes Germán will use the board’s data to help research ESG trends in public finance, including the impact of ESG on the secondary market.

The finances of the controversial project remain unclear, but the favorable Texas Supreme Court ruling means the project has a chance of advancing.

Karl K. Klessig provided a fraudulent loan document and forged a signature in an application last year to acquire control of Golden Pacific Bancorp, according to the Federal Reserve.

Most large states are using pandemic aid for revenue replacement and this will be an issue in the future, an academic says.

Bankruptcy judge set deadlines for voting on the Highways and Transportation Authority plan of adjustment, moving it closer to confirmation.

Municipals head into the final week of the first half of 2022 on more stable footing, but a cautious tone hangs over the market.

Plans to float a bond for a high school and other expansion projects grew out of a six-month planning process.

Cook County projects a surplus this year and a $18.2 million gap for fiscal 2023 while it readies two bond sales.

The judge set May 2 deadline that was extended until June 1 and then July 1. Mediators now want until Aug. 1.

Municipal governments have become a target for online criminals. Experts warn their neglect of cybersecurity puts finances, services and vital records at risk.

Most municipal securities trades are reported to the MSRB well under the current 15-minute rule, and it's unclear how a one-minute mandate would "benefit investors or increase transparency," the ASA said.