Investments

Supply is expected to rebound in October, when BofA Securities estimates that issuance will reach $58 billion.

Sophisticated issuers and investors shared insights into how they navigate the complexities of the municipal bond market at The Bond Buyer Infrastructure event.

Four hired as counsel and seven other staff members are bulking up the team's D.C. and New York offices. 

Two months after property tax payments would normally be due, Cook County, Illinois, is still struggling to send out accurate bills for the second part of 2024.

Nearly $29 billion of the $30 billion cap has been allocated, said Morteza Farajian, director of the Department of Transportation's Build America Bureau.

October has historically not been "particularly kind to the municipal market, as it tends to be one of the heavier supply months of the year," said Daryl Clements, a portfolio manager at AllianceBernstein.

Pausing federal funding creates another hardship for municipalities who are also reeling from infrastructure grants being clawed back by the U.S. Department of Transportation.

At The Bond Buyer's infrastructure conference, panelists speculate about the reliability of federal funds under the current administration.

"I love solving complicated problems faced by our local governmental clients," Leslie Bacon. "We come up with strategic solutions that have a real impact on our communities." 

"The intersection between the public impact and the financial markets is unique and it brings a lot of good people to the same place. I really enjoy being a part of this community," Connor Benoit said.

"I'm really proud that my team genuinely looks to me for coaching and leadership," said Joe Buckshon. "It means a lot to me to be able to help someone."

"I made a promise to myself that in addition to supporting my clients, I wanted to try to be a strong role model for other women in the sector," said Alexandra Byrnes.

Since joining Orrick in Los Angeles more than a decade ago, Steffi Chan has brought her technical expertise and leadership skills to her local government and state agency clients.

Since joining Ramirez's Texas public finance banking team six years ago, Sara Cheek has participated in more than $50 billion of bond issuances for various clients across Texas.

Conza has led multiple financings for the airport's multibillion dollar capital program as he strategically plans for future aviation needs that serve both the local community and air travelers.

Jered Davidson has been at the forefront of creative and innovative approaches to public financing. 

"Jenna's ability to proactively identify and assess weaknesses and events that have impacted her covered credits has been instrumental in the company's risk managing efforts," said Victor Chu, a managing director with Assured Guaranty. 

Since 2018, Kat Estes has been actively bidding and helping price new issue deals for Fidelity Capital Markets. 

"It's very important to me to give back because I have been very fortunate and have had a lot people guide and mentor me," said Isela Hernandez.

Now a partner at Chapman and Cutler, Kristin Hilson has played a leading role in some of the most significant health care financing in the Midwest.