Munis

"The lack of standardization is a very real problem that impacts all facets," said Ted Chapman, managing director and investment banker at Hilltop Securities.

"The big question is: who's next? I don't think UBS is the end," said a veteran sellside market participant.

Nevada state officials have partnered with two companies that specialize in working with charter schools to create a $100 million revolving loan fund to build schools and refund existing high-interest debt.

While some reliable options have emerged, market professionals remain hopeful the old advance refunding will return before the desire to bring it back loses any momentum.

The deal has new-money and refunding components and is expected to hit the market in a negotiated sale the week of Nov. 13.

The data indicates that 2023 could be "the potential start of a long-feared trend toward more higher ed impairments and, possibly, defaults," MMA's weekly Outlook report said.

October's total volume rose 29.3% to $37.156 billion in 661 issues from $28.738 billion in 614 issues a year earlier. New-money grew more than 30% while refundings were up by nearly 75%.

The rating agency cited ongoing positive financial and enplanement trends at the airport, which is planning a refunding.

The whistleblower who brought the case, Minnesota-based municipal advisor Johan Rosenberg, will receive $14.4 million under the deal.

Public schools account for most of the $28.48 billion of bonds on Texas ballots Nov. 7.

The Grand River Dam Authority, the state's largest public power utility, is expected to start issuing the debt later this year.

A $25.5 million cash offer plus some equity was made to acquire Legacy Park, which was financed with $284 million of now-defaulted revenue bonds.

At least two schools are facing the legal costs of terminating the transactions as well as pursuing alternative financing for almost $500 million in construction projects.

Fredericks will tap her extensive muni market network as SOLVE extends its reach into the muni business.

Record-breaking hot temperatures in the Southwest this summer likely had economic consequences and could focus the municipal bond market on heat-related credit risks and infrastructure needs.

The National Association of Bond Lawyers has a new president.

The topic is here to stay, even as sentiment around its value shifts. One clear constant: the desire for a standard language.

The $500 million of revenue bonds to initially finance a $5 billion controversial expansion program were priced amid a turbulent market.

M. Elizabeth Walker and Jerimi J. Ullom have joined law firm Barnes & Thornburg's Indianpolis office as healthcare and public finance partners.

The deal is expected to be executed Dec. 14, putting four government-run tollways under Albertis Infraestructuras SA, which already runs Puerto Rico toll roads.