Munis

The Education Finance Council is seeking clarification on bond rules related to student loans.

Financing for the $2.1 billion Calcasieu River bridge includes a mix of state funds, federal grants and bonds, which will hit the market in early April.

The court is considering whether the original PREPA trust agreement gave bondholders a lien on all revenues, which they argue should extend beyond the debt restructuring, or only on the money the authority deposited in its reserve fund.

Issuance for the month is slightly above the $27.666 billion 10-year average, according to LSEG Refinitiv data.

With its cash balance eroding due to a budget imbalance, the university, under the watchful eye of Arizona's governor, will undergo system-wide changes.

Moody's Investors Service cited thinning operating performance for the downward outlook revision.

The legislation comes as the U.S. and Florida saw a record number of rocket launches last year.

Interest rates and federal elections hang heavy over the industry and municipal analysts believe certain muni sectors or subsectors will experience credit deterioration.

The ratings agency cited federal support and military spending on the island as keys to its decision.

As ridership remains low, investors are closely watching for new funding streams and credits like the MTA's planned congestion tax-backed bonds.

The trend toward paying down debt, as opposed to tender offers or refundings, to save money cuts across Red state/Blue state lines. New Jersey retired $500 million of debt to produce $160 million of savings.

The new governor and concessionaire on the $2.1 billion P3 have reached a revised deal that will lower tolls and provide a 15% equity contribution to the local area.

Capital Markets Advisors and its co-principals Richard Ganci and Richard Tortora are caught up in a legal back and forth with the SEC over how MSRB Rule G-42 on conflicts of interest applies to their case.

Brightline, a high-profile name in the speculative muni market, is set to come to market next week to remarket $675 million of 2020 bonds.

The top bond counsel in 2023 handled a combined $361.721 billion across 7,164 bond issues versus $359.189 billion in 7,882 transactions in 2022. 

Sioux Falls, South Dakota, has put out a request for competitive sealed proposals from financial advisory firms as it gears up for capital projects.

The proposed bond-financed Uinta Basin Railway has been hit with regulatory setbacks in the wake of a 2023 federal court ruling.

The top five bond financings have an average dollar volume of more than $917 million.

Lake Erie College entered into a forbearance agreement with bondholders after the school didn't meet certain covenants it agreed to as part of a debt sale. 

Gov. Katie Hobbs' proposed fiscal 2025 budget calls for agency fund sweeps, a new eligibility requirement for a costlier-than-expected universal school voucher program, and other measures to combat a rising shortfall.