Bank qualified debt, also known as BQ debt and bank eligible, allows banks to deduct most of the carrying cost of those bonds as a business cost.

The Alternative Reference Rates Committee said the recommendations are part of its mandate to address risks in contracts that refer to Libor as part of the larger shift to the Secured Overnight Financing Rate (SOFR).

Fallback language is expected to be released before year-end by the Alternative Reference Rates Committee convened by the Federal Reserve and ISDA.

The muni market has been slow to embrace SOFR but the existing Libor benchmark is set to cease publication in 2022.

All of Hilliard’s municipal advisors and associates agreed to join Baird, expanding its presence in the public finance sector.

The southern regional banks wouldn't say what will happen with their capital financing divisions when their merger closes.

The merger of Catholic Health Initiatives and Dignity Health creates a Chicago-based nonprofit healthcare system with $10 billion in debt and operations in 21 states.

S&P assigns a stable outlook to healthcare sector this year despite threats while Fitch and Moody's have negative outlooks.

Milwaukee-based Baird said it will expand its public finance footprint into new markets when it closes on the purchase next year.

The NASBO report released Thursday showed some bright spots for state ledgers.

Alabama-based Burr & Forman will gain McNair's significant public finance presence in South Carolina.

Moody's Investors Service said Palmetto Health's integration with Greenville Health may result in a rating upgrade for Palmetto and a downgrade for Greenville.

The two Midwest firms combined to expand their fixed-income capabilities amid rising rates.

PIMCO has agreed to acquire Gurtin Municipal Bond Management.

The potential sale comes as asset managers grapple with narrowing margins as fees fall and regulatory costs mount.

The Hutchinson Shockey name will continue after its acquisition by Ohio-based Huntington Bancshares.

An amended master trust indenture will reflect the combined finances of the largest health systems in Illinois and Wisconsin.

Adventist Health West agreed to pay $112 million in Fremont-Rideout Health Group bond debt as part of a merger.

The deal would have extended the three-hospital Rush system’s reach, while providing Little Company of Mary Hospital a more affluent partner as it struggles with red ink.

Aurora Health Care and Advocate Health Care haven't said how the combination will impact each system's debt.