Munis

An amended bill that would clear the way for the Colorado Educational and Cultural Facilities Authority to issue bonds for its purchase of the Stanley Hotel, which inspired Stephen King's The Shining, advanced out of a Senate committee.

Proposed rulemaking on the FDTA is expected in June, but clarity on what exactly it means for the muni market is years down the line.

Healthcare issuance is up 122.2% year-over-year through April, rising to $9.062 billion through the first four months of 2024 from $4.078 billion over the same time period in 2023, LSEG data shows.

Alaska's efforts to manage its cyclical revenues brought an upgrade from S&P Global Ratings and positive outlook from Moody's Ratings.

April's volume stood at $40.456 billion in 653 issues, up 21.2% from $33.377 billion in 666 issues in 2023.

Tyson brings experiencer representing and working for local governments to Greenberg Traurig's Chicago public finance and infrastructure practice.

The top 10 bond counsels saw some shuffling and welcomed two new entrants, Locke Lord and Ballard Spahr.

School districts, which have been a main driver of debt issuance in Texas, account for 58% of the $17.4 billion of bond requests in Saturday's election.

Bonds from the authorization will likely be broken over three separate sales.

The Virginia Resources Authority and the Virginia Housing Development Authority have deals on tap while gilt-edged Delaware is selling its GO debt.

Tribal advocates hope that Congress will take up expanded tribal access to the tax-exempt market next year as the U.S. tax code takes center stage.

It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.

As space becomes an increasingly important frontier for development and competition, spaceports should enjoy the same financial benefits as airports and seaports, say supporters of the federal legislation.

A Utah law may be tapped to issue bonds to renovate a downtown Salt Lake City basketball arena to accommodate the former Arizona Coyotes.

The company expects construction to take four years, with operations beginning in summer of 2028 ahead of the Los Angeles Olympics.

"The upgrade is supported by strengthened debt service coverage ratios due to better than expected recovery from the pandemic," Fitch said.

The top five bond financings have an average dollar volume of more than $1.9 billion.

Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.

As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.

The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.