Investments

Mark Killingsworth and Mark Brown, who join as senior vice presidents, will originate municipal transactions for Capital One's direct lending portfolio.

The Connecticut Green Bank's latest Liberty Green Notes brought in $250,000 for green upgrades to small business energy infrastructure statewide, the bank said.

October returns were in the red with the Bloomberg Municipal Index showing a loss of 0.83% for the month, bringing total losses in 2022 to 12.86%. Only May and July saw positive returns for the asset class.

The state school in Ypsilanti is responding to declining enrollment with a student housing makeover financed through a public-private partnership.

Massachusetts looks to a millionaire's tax for transportation and a measure in tourist-heavy Orange County, Florida would double local transit funding.

With the Federal Open Market Committee meeting this week and the next week shortened by the bond market observance of Veterans Day, CreditSights strategists said "investors should be prepared for two weeks of subdued new issuance."

They say the HTA employees group have failed to show any of the four conditions needed for a court to order a stay.

Total October volume was $24.951 billion in 510 deals versus $41.811 billion in 1,068 issues a year earlier, according to Refinitiv data.

Nonprofit Legacy Cares failed to make three monthly payments to support debt service on $284 million of bonds issued for a multiport venue in Mesa, Arizona.

Watkins has served in a variety of leadership roles on muni associations and is described by colleagues as a tireless advocate for the municipal bond issuing community.

Robert Radigan has joined Squire Patton Boggs as partner in the Public & Infrastructure Finance Practice in New York.

Proceeds are destined for improvement projects across the 290 miles of roadway that make up the New Jersey Turnpike and Garden State Parkway. 

The upcoming Federal Open Market Committee meeting on Tuesday and Wednesday has led to a lighter new-issue calendar with $2.72 billion on tap.

The PFC bondholders are to get cash and some new appropriation-backed bonds.

The $53 billion Army Corps of Engineers plan is the largest of hundreds of coastal protection projects launched since Superstorm Sandy swamped the area in 2012.

The municipal market was a tale of two halves in fiscal 2022, the report says.

Increased use of third-party vendors by transportation issuers may be putting those entities at increased risk.

Municipal to UST ratios have risen this week with the 10-year approaching 90% and the 30-year topping 100%.

While only 29 city related pension plans in 2021 reported future fail dates for meeting retirement benefits, that number could worsen this year as investment returns tumble.

The influential financial advisory board has assembled a task force to sharpen terminology.