Munis

With major projects in its future, Dallas Area Rapid Transit is making the most of record low rates in a $260 million bond sale.

The IRS has informally responded to a letter from NABL asking for a reduction in the high fee it charged for private letter rulings.

Taxable bonds and COVID-19 are two of the main catalysts that helped February municipal bond volume ascend to its highest level since at least 1986.

Issuers of all sizes are taking advantage of the expanding taxable investor base — from institutions to international to SMAs — as the muni market evolves.

Judge John Cooper told the Florida Department of Transportation to increase Garcon Point Bridge tolls after FDOT failed to follow his order to do so in December.

The new committee of volunteers will be tasked with helping shape the future of EMMA.

Issuers in the Far West sold $85 billion of municipal bonds in 2019, a 23% increase from 2018.

Metropolitan Transportation Authority Chairman Patrick Foye blames Washington for "recalcitrance" over the Manhattan tolling plan.

Refundings and taxable deals were also up substantially, driving the region to $75 billion of municipal bond volume, up 32.6% from 2018.

Covenant's issuing tax-exempt debt to retire some variable-rate, term loan bank debt and taxable bonds to fund construction of a rehabilitation facility.

Moody's calls the missed payments an administrative default given the district's willingness and ability to pay.

More private money would be invested in infrastructure if Congress expands the use of PABs and P3s.

Taxable refundings caught on in the Midwest as they did elsewhere in the nation, helping the region post a 19% volume gain.

Small Catholic college downgraded to Baa2 on enrollment pressures and a heavy reliance on tuition revenue.

Issuers in the region sold $78.2 billion of bonds in 2019, a 24% year-over-year gain driven by growth in Texas and Colorado.

Walter told The Bond Buyer she has been hearing the same push for transparency since her start at the SEC.

For the third time in four years, long-term municipal bond volume has surpassed the $400 billion mark — this time thanks to a second half surge in taxable issuance that took the market by storm.

While these were the percentage growth leaders, education and transportation had the biggest dollar growth.

The $5.2 billion Buckeye Tobacco Settlement Authority deal will restructure the debt service schedule, returning the Ohio credit to investment-grade.

Slightly more than half of likely California voters support Proposition 13, according to a poll conducted by the Public Policy Institute of California.