News and Information from Bond Buyer

This marked the first new financing credit for the MTA’s transit and commuter capital program since its 2002 restructuring and marked the first long-term issuance under the security.

PortMiami is the largest cruise port in the world and a large containerized cargo port. As a result of the COVID-19 pandemic, PortMiami cruise operations were suspended for nearly 16 months.

Municipal volume is estimated at a lean $558.8 million with $494.7 million of negotiated deals and $64.2 million on the competitive slate. Thirty-day visible supply is at $3.17 billion.

The opening video for The Bond Buyer’s return to live events with the Deal of the Year ceremony in New York City on Dec. 16.

While the U.S. continues to lag pre-pandemic levels, Puerto Rico is now ahead by 2.3% from November 2019.

The measure is a response to long-time criticism of ballot titles and summaries crafted by the California Attorney General's office.

The Missouri State Employees Retirement System filed an amended complaint against Catalyst Capital Group Inc. accusing it of mismanaging investments. The firm counters the fund is trying to shift the blame for its own mismanagement.

“Our state’s strong economic recovery has accelerated back to pre-pandemic levels for unemployment and GDP,” said Gov. Bill Lee.

Pushing the massive bill into 2022 reduces its overall chances of passage but increases the chances of reviving muni-related provisions.

Pandemic or not, major projects must continue, say New York Gov. Kathy Hochul and the Port Authority.

Edward Marquez, CFO of Miami-Dade County accepts the 2021 Deal of the Year Award for its seaport refunding.

The complex financing was the largest port transaction to come to market in the country since the start of the COVID-19 pandemic, and the high demand for the bonds highlighted investor confidence in the seaport sector.

Despite outside pressures, municipal fundamentals are strong with improving credit pictures, issuers flush with federal cash and the ongoing supply-demand imbalance.

The index, which tracks over 2,800 securities, went live Wednesday. While ESG investment considerations have grown around the globe, the muni market is at the beginning stages and there is no universally accepted definition of ESG.

Existing partisan divides and political pressures may influence how the infrastructure act's grants are allocated, one Congressman said.

FINRA found that RBC’s supervisory system did not flag recommendations that resulted in potentially unsuitable concentrations of high-yield bonds in certain customer accounts.

The odds of non-housing projects receiving private activity bond funding in California are slimmer as state officials focus on its housing crisis.

The state says it would rid itself of a $500 million deferred maintenance tab by selling and then buying back a 30% stake in the Thompson Center.

Lokken is a public finance attorney with 20 years of experience representing issuers, borrowers, underwriters and purchasers.

Experts discuss the latest ways firms are defining their value propositions and evolving their customer communications, experience and support.