Investments

The Metropolitan Airports Commission will sell about $125 million of bonds to complete its share of financing for the largest interior renovation of 61-year-old Terminal 1.

Judge Swain's action removes the last major hurdle for her to approve the PREPA plan of adjustment before the confirmation hearing, although appeals are expected.

Proceeds from the deal, along with additional monies, were to have been used to fund the costs of the Royal Caribbean Cruises' campus project as well as a debt service reserve fund.

The time between the announcement of an award and the actual cash going out the door can be frustratingly long.

Villanova University in Pennsylvania is rescuing bondholders who own debt of Cabrini University, a small nearby Catholic school that is closing in 2024.

The Bond Buyer's Deal of the Year awards will mark the 22nd year it has recognized outstanding achievement in municipal finance. The event, to be held Dec. 5 in New York City, will also include the presentation of the Freda Johnson Awards for Trailblazing Women in Public Finance.

Along with Kilgore and Wong, 12 other honorees from the public and private sectors were chosen by the Northeast Women in Public Finance as Trailblazing Women in Public Finance.

Munis yields fell nine to 12 basis points, depending on the curve, but underperformed larger gains along the UST curve. Large new-issues began pricing.

The question over how big or small a role artificial intelligence will play in the development of FDTA's standards will need to be answered by both regulators and issuers.

Stephen Winterstein, founder of SP Winterstein and Associates, discusses how technology has changed and the improved product set and efficiencies in the muni market. Lynne Funk hosts. (25 minutes) 

The deal will finance construction of an 800-room convention headquarters hotel as part of a wider expansion of the facility.

State and local development officials closed on $5 billion of revenue bonds for electric truckmaker Rivian's planned Georgia production plant.

Moody's kept stable rating outlooks on Florida, Maryland and Virginia after moving the United States to negative. D.C.'s outlook was cut.

Assured Guaranty and GoldenTree offer a alternative to the deal the Oversight Board reached with BlackRock and four other investment firms.

November "continues to be off to a strong start as yields have fallen an average of 34 basis points across the curve since the start of the month," said Jason Wong, vice president of municipals at AmeriVet Securities.

A fire underneath an elevated section of Interstate 10 closed a key piece of infrastructure in Los Angeles, California.

The top five bond financings have an average dollar volume of more than $1 billion.

Flush with bond authorization from the Nov. 7 election, officials are formulating issuance plans, while Colorado's governor called lawmakers back to session after a property tax cut measure was defeated by voters.

"As with most fast rallies there are sessions when the market pauses to assess where fair value should play out," said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.

Observers say Puerto Rico's 2024 elections may not change government policy much.