Investments

Pessimism reigned during the state of the union panel at The Bond Buyer's California Public Finance conference in San Francisco.

Surpassing $150 million in total investments, New York, Illinois, Pennsylvania, Texas, Ohio, Arizona and Georgia have joined Florida, Miami-Dade and Palm Beach counties and Miami Beach in supporting Israel financially in the wake of the deadly terror attacks by Hamas.

The National Association of Bond Lawyers has a new president.

The topic is here to stay, even as sentiment around its value shifts. One clear constant: the desire for a standard language.

Municipal mutual fund losses continued last week as the Investment Company Institute reporting investors pulled $2.645 billion from the funds in the week ending Oct. 11. ETFs see more inflows, though.

Georgia Power and Oglethorpe Power agreed to new terms for cost overruns on two new Plant Vogtle nuclear reactors.

The $500 million of revenue bonds to initially finance a $5 billion controversial expansion program were priced amid a turbulent market.

The study confirms the Bay is one of the most valuable in Florida, says Miami-Dade County Mayor Daniella Levine Cava.

Texas Attorney General Ken Paxton's office said it's reviewing whether 10 financial companies, including Bank of America and JPMorgan Chase, violate a state law that punishes firms for restricting their work with the oil-and-gas industry because of climate-change concerns.

The city plans to sell as much as $295 million of general obligation and revenue bonds in two deals next month.

M. Elizabeth Walker and Jerimi J. Ullom have joined law firm Barnes & Thornburg's Indianpolis office as healthcare and public finance partners.

The deal is expected to be executed Dec. 14, putting four government-run tollways under Albertis Infraestructuras SA, which already runs Puerto Rico toll roads.

Munis are now following along with broader Treasury market weakness, and "at the same time are also attempting to manage some of the healthiest issuance that we've seen this year," said Morgan Stanley's Matthew Gastall.

Fishers, a suburb of Indianapolis, is selling $170 million of bonds for an arena to house the minor-league Indy Fuel and to host concerts and other events.

The hire by Missouri-based Stifel comes as some broker-dealers trim ranks amid weak issuance.

The commonwealth revamped its P3 law last year in the wake of a court ruling striking down a tolled bridge program.

The top five bond financings have an average dollar volume of more than $1.2 billion.

California received a negative outlook from the rating agency in May amid revenue uncertainty. The Public Works Board lease revenue bonds are rated Aa3.

They say the plan is unconfirmable in its current form and must be changed before any disclosure statement is approved.

The SEC's Examination Division will focus on solicitor municipal advisors' compliance with new MSRB Rule G-46, which goes into effect on Mar. 1, 2024.