Investments

The legislation would boost the size limitation of industrial revenue bonds and expand the uses of proceeds.

For the coming week, investors will be greeted with a new-issue calendar estimated at $8.213 billion.

The negative outlook assigned to Portland State University's bonds by Moody's Investors Service affects $195 million of debt.

The electrical generator provides about 21% of the Puerto Rico Electric Power Authority's electricity and the default's impact on PREPA and PREPA's bankruptcy remain to be seen.

Reinvestments, which includes maturities, called bonds and coupons, total over $114 billion over the next four months, according to ICE Data.

The settlement will allow Austin-Bergstrom International Airport to demolish the privately operated South Terminal as part of a midfield concourse project.

The recent influx of migrants has stressed the city's social services system amid uncertainty about whether funding will come from state or federal government.

The debt ceiling bill promises relief for jittery municipal market participants.

BJC HealthCare and Saint Luke's Health System signed a letter of intent to form an integrated not-for-profit Missouri-based health system.

Outflows continue as Refinitiv Lipper reported investors pulled $1.345 billion from municipal bond mutual funds for the week ending Wednesday.

Suzanne Shank has been chosen as chair of the 2024 Mackinac Policy Conference, the Detroit Regional Chamber announced.

The bipartisan legislation offers hopes for other municipal bond industry priorities.

In the past few weeks, the A's agreed with Bally's on a site and reached a tentative agreement with Nevada lawmakers for a $380 million public handout.

The new "scorecard" relies on an innovative, community benefits evaluation model for projects to shape future growth and increase transparency in how the city distributes tax incentives.  

The state Supreme Court decided the lawsuit in the turnpike authority's favor, but it has yet to rule on the validity of bonds to finance a $5 billion extension.

The judge limits legal arguments to six topics.

State legislation that increases Milwaukee's revenue prospects falls short of what the city needs to manage rising pension and other costs, Fitch Ratings said.

The Visitor Bureau says the number of tourists this fiscal year is likely to be 40% less than what had been predicted. Tourism is a large portion of Guam's economy.

City officials believe the structure of the $100 million issuance will help assuage investors concerned with inflation, high interest rates, and the specter of recession.

Strength that began on Tuesday and continued Wednesday marked the first sessions since early May for positive performance after a hefty selloff, noted Kim Olsan, senior vice president at FHN Financial.