Munis

Smaller issuers like rural hospitals and charities are often blocked from issuing bank-qualified debt under current rules, which would change under a reconciliation bill provision.

The finance team expects the mixed taxable and tax-exempt deal will attract ESG-minded investors.

Per-pupil revenues and long-term debt spending are rising across the country

Tax-exempt advance refundings emerge as the top priority for muni market participants as Congress debates reconciliation budget measure.

A $430 million collaborative transaction featured the university, two asset management firms, and the New Jersey Educational Facilities Authority.

Congress approved a one-month extension of surface transportation programs, buying more time to continue negotiations over infrastructure and budget bills.

September issuance was down more than 32% from the same month in 2020; total issuance so far this year is at $346.48 billion, down 2.4% compared to last year.

The state-supported issuance marks the initial debt offering to backstop a $523 milion initiative.

The growing P3 sector would enjoy a boost across many markets, including rural broadband, under P3-friendly provisions in the bipartisan infrastructure bill.

Congress this week will take up bills closely watched by the muni market, including infrastructure, budget and debt ceiling measures.

Public finance issuers are taking an increased interest in the applications of blockchain and distributed ledger technology, and it is entering the market in multiple ways.

Cities and representatives from the National Urban League said the infrastructure bill would be a huge boost for cities and underserved neighborhoods.

William Estes has overseen multibillion-dollar design-build and infrastructure developments for government agencies in New York.

A firm and its two principals have been charged for an improper fee-splitting arrangement under the relatively new regulatory regime for municipal advisors.

The city's high leverage drew a two-notch Moody's downgrade ahead of a pension obligation bond deal to pay the unfunded liabilities of its public safety plans.

Making the Federal Reserve's Municipal Liquidity Facility a permanent emergency lending program would be “valuable and forward thinking," Connecticut Treasurer Shawn Wooden told a House subcommittee.

Nathan Coco and Megan Preusker joined the firm this month, deepening the expertise offered by the firm's bankruptcy and restructuring practice.

Citi's muni strategy group had worried that a proposed 3% surcharge in the reconciliation bill would apply to tax-exempt interest, but now feels differently.

The authority's officials have adjusted to the hit from COVID-19 through toll hikes, capital plan reductions and lines of credit.

The House is expected to approve a stopgap funding measure that suspends the debt ceiling and marks one of several partisan showdowns ahead of the looming fiscal year-end.