Munis

The firm added Lynn Martin, president of Fixed Income & Data Services at Intercontinental Exchange, Inc., and Joe Geraci, partner at Old Orchard Capital and former Citi executive.

A proposal from the Ohio Treasury would provide a new enhancement for state-purchased public university debt and offer a backstop for hospitals' VRDOs.

The bill would have required cities, counties and the California Highway Patrol to post the amounts paid, broken down by individual settlement and judgment.

Another correctional facility avoids a private business use tax penalty.

The presence of unregistered — and potentially unqualified — advisors providing municipal advisory services to state and local governments and other municipal entities is a cause for concern and greater regulatory scrutiny.

Officials from multiple regulators came together on Thursday for a detailed discussion about municipal advisory regulation.

Erring on the side of caution and good documentation are key to managing conflicts of interest

The proposed guidance does not indicate any particular problems with compliance, the MSRB said.

A nonprofit that funds charter schools for low-income students is set to price a $233.5 million of revenue bonds Wednesday.

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.