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While the plan of reorganization says bondholders will get 100% of principal, it won't be for 12 years. And they will lose some interest.
December 9 -
The state comptroller's office purchased about $5 million of shares in a bitcoin exchange traded fund last month for a newly created strategic reserve.
December 9 -
Legislation to increase the affordable housing supply which often includes bond sales is getting attention in Congress as the bipartisan ROAD to Housing Act hits a speed bump.
December 9 -
"Ultimately, this report is essential because member firm compliance protects investors and safeguards the integrity of our markets," FINRA's Greg Ruppert said.
December 9 -
Four of Dallas Area Rapid Transit's 13 member cities took action to ask voters in May whether they want to withdraw from the agency.
December 9 -
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Issuers mostly avoided pricing deals in the previous weeks the Fed met this year, but that's not the case this week, said Pat Luby, head of municipal strategy at CreditSights, and Wilson Lees, an analyst at the firm.
December 8 -
States face broadening credit challenges, and while local governments have shown resilience, school districts are more at risk, S&P Global Ratings said.
December 8 -
This is the first upgrade of bonds supported by assets currently or formerly in the Puerto Rico government's hands since the passage of PROMESA in 2016.
December 8 -
Much has changed since October and most economists are sure the FOMC will lower rates by 25 basis points this week, with dissenting votes expected.
December 8 -
The Project Tundra carbon capture project – a public-private partnership involving a 2,500-mile pipeline through parts of the Midwest – suffered a setback.
December 8 -
Investors are about to get a chance to buy bitcoin-backed municipal bonds. It won't be the last, according to the team behind the New Hampshire-based deal.
December 8 -
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The tax-exempt muni market has performed "exceptionally well" so far this week, outperforming USTs, said J.P. Morgan strategists led by Peter DeGroot.
December 5 -
The Trump administration is requesting information on revitalizing Dulles International Airport, including the possibility of tapping a public-private partnership.
December 5 -
Cintra submitted a proposal calling for four new tolled managed lanes on I-76 that would be structured as a $5 billion, 50-year design-build-finance-operate-maintain P3.
December 5 -
SRI International had its outstanding bonds downgraded to Baa1 because of its exposure to declining federal grants.
December 5 -
C. Christopher Trower was the lead attorney before the Supreme Court in a case that upheld states' rights to preferential tax treatment of their own bonds.
December 5 -
FINRA found that the firm failed to include the non-transaction-based compensation indicator when reporting 12,066 municipal securities transactions.
December 5 -
The Regents of the University of California will sell $2 billion of bonds next week after yanking a $1.5 billion summer deal amid Trump administration threats.
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