Munis

SCANA Corp. and South Carolina Electric & Gas Co. will pay a $25 million penalty for making false and misleading statements about the failed reactor project.

Florida’s privately owned passenger train company, which halted service citing the coronavirus pandemic, is bringing $950 million of nonrated private activity bonds.

The university will begin its two-day retail order period Friday.

SIFMA told a federal court that the SEC's process failed when it announced the temporary conditional exemption for muni advisors.

Stephen DeGroat, Rockland County commissioner of finance, explains how the large suburban municipality north of New York City turned budget deficits into surpluses through deficit financing, staff reductions and closing a county-run hospital. Andrew Coen hosts. (14 minutes)

Although November posted the lowest monthly volume total this year, issuance has already exceeded 2019's total and is on track to set a new yearly record in 2020.

Though President-elect Joe Biden has not provided specifics on the financing of his infrastructure agenda, sources say he will take an "all of the above" approach.

The Regional Transportation District will issue $340 million for Denver Transit Partners, the concessionaire of three Denver-area commuter rail lines for RTD.

The Investment Company Institute reported municipal bond funds saw $2.675 billion of inflows in the latest reporting week.

The rating agency cited coronavirus-related curbs on economic activity in the commonwealth.

Yellen will inherit an Office of State and Local Finance that has been a low-key operation since it was formed in 2014 to manage the Treasury’s response to Puerto Rico’s economic, fiscal and debt crisis.

New York's mayor says the budget for the 2021 fiscal year is balanced despite the coronavirus impacts.

Large blocks of New Jersey paper changed hands with yields that pushed spreads below 100 basis points on some maturities for the recently downgraded state.

A supply/demand imbalance allowed New Jersey and Massachusetts to reprice to lower yields while the beleaguered New York MTA will head back to the Fed for liquidity.

The state's uncoordinated approach to allocating private activity bonds and funding affordable housing let $2.7 billion of authority go to waste, she said.

Paying post-petition bond interest to an unsecured creditor during the archdiocese's Chapter 11 bankruptcy is unusual, attorneys say.

Such moves could reduce costs by up to $180 million in present-value savings, Joe Torsella said.

The Long Island county received its third credit downgrade this year as lawmakers prepared a 2021 budget with massive cuts to cope with virus-induced revenue losses.

A school official called the coronavirus-related hit "a temporary blip," and said the rating agency moved too quickly.

Municipal bonds strengthened Thursday as yields fell by as much as four basis points on AAA curves but coronavirus vaccine rally in stocks slowed and UST, munis regained ground.