Munis

Swain rejects five bondholder arguments, bringing approval of the Oversight Board's plan of adjustment nearer.

November's total volume rose 7.8% to $28.464 billion in 652 issues. For volume to top total 2022 issuance, December would need to see $44.329 billion of issuance.

The outlook revision from negative comes as the school system prepares to tap more of its record $2.44 billion of voter-approved bond authorization next year.

High interest rates are exposing both challenges and opportunities.

The city may also issue an RFP for underwriters, though the timing is not set, said CFO Jill Jaworski.

The project was to have been the first small modular reactor technology in the U.S.

U.S. regulators' swift action in March to ring-fence the banking sector after the collapse of Silicon Valley Bank might have had an unintended consequence of driving cash out of bond funds by enhancing the appeal of deposits, two New York Fed researchers say.

Proceeds from the social bond issue will go to support high-performing public charter schools across the United States and promote educational equity.

The IRS concluded the examination of an advance refunding of capital improvement funds with no change to the bonds' tax-exempt status.

Recommendations from an actuary on the city's police and fire pensions come amid a rising unfunded liability and uncertainty over the use of pension bonds.

The retirement proposal also attempts to clarify the definition of riskless transactions, which are common in the muni market.

The process of turning the data into a usable form takes time and can be compounded by the difficulty of extracting what data there is and the format used by issuers in documents, like official statements, disclosures and other financials.

The projects range from airports to ports and transit-oriented development.

The municipal market is bifurcated, opaque, and can be a challenge to price even on a steady day. In this idiosyncratic market, especially in times of volatility, data-driven decision-making is key, whether pricing a new deal in the primary market or trading it in the secondary. Learn more.

Villanova University in Pennsylvania is rescuing bondholders who own debt of Cabrini University, a small nearby Catholic school that is closing in 2024.

The top five bond financings have an average dollar volume of more than $1 billion.

Municipal Market Analytics noted the current size of the outstanding TOB market — at about $50 billion from highs of nearly $500 billion before the Financial Crisis — reflects a reduced credit concentration risk and lower overall leverage.

The constitutional amendment removes a special debt limit placed on small city school districts; now they will be treated the same as other school districts.

Teacher shortages and enrollment declines due to growing charter and private schools are two of the problems affecting school financing.

Washington will auction $483 million in two tranches on Tuesday.