Munis

Miroslava Mejia Krug is a veteran of top fiscal posts at two Chicago-area private higher education institutions.

The state sold tax-exempt refunding debt at 2019 rates but won't deliver them until 2021 when the call date of the original bonds is reached.

The Palmyra-Eagle district can't dissolve, and must find a way to close a looming budget gap as its reserves and enrollment dwindle.

Los Angeles Mayor Eric Garcetti said he "would like to see at least a couple of hundred billion dollars of new federal bonds."

The Securities and Exchange Commission wll work with the market to change secondary disclosure habits without a mandate, issuers and analysts said.

The high-demand market environment boosted Philadelphia’s first general obligation bond deal of 2020.

Gov. Henry McMaster wants to sell the state-owned utility after its nuclear project debacle; a report to lawmakers on bids for Santee Cooper has been delayed.

Whether new dedicated revenue for the MTA or its higher total debt holds more sway in the capital markets remains an open question.

At Jefferson High School, the community wants more seats in its historic auditorium. Students and parents at Southeast Portland's Cleveland High want to build classrooms, and possibly a performing arts center, on top of the parking lot behind the Burgerville on Powell Boulevard.

County and school leaders need to decide by this summer, at the very latest, if they will seek voters' permission this year to issue bonds to pay for school construction.

Its top goal is to increase to $30 million the size of bank-qualified tax-exempt bond issues that can be sold to banks under favorable terms.

The top municipal bond counsel saw $265.58 billion of business in the first three quarters of 2019, up from $237.49 billion a year earlier. Orrick Herrington & Sutcliffe LLP once again found itself on top with Hawkins Delafield and Wood gaining some ground.

The two active municipal bond insurers insured $5 billion more in 2019 than they did in 2018 thanks to a surge of issuance in the fourth quarter. Assured Guaranty and Build America Mutual combined for $23.92 billion of insured volume spanning 1,724 transactions and 5.67% penetration rate in 2019. That is up from $18.92 billion in 1,249 deals and 5.58% insured rate in 2018.

Ohio's Hamilton Community Authority issues bonds Thursday to help finance the redevelopment of a vacant paper mill.

Chicago’s $1.5 billion sale of general obligation refunding bonds and Sales Tax Securitization Corp. debt generated $310 million of budget savings.

The governor has recommended a $54.15 billion budget amid flat state revenue collections in the current fiscal year.

The Big Ten school, which has favored shorter maturities, is issuing 40-year bonds in a bid to diversify its debt portfolio and lock in low rates.

Sources say Hopper has considerable experience with municipal securities in her many years at the Financial Industry Regulatory Authority.

Nicole Byrd, a senior investment professional at Nationwide Mutual Insurance, will be the National Federation of Municipal Analysts chair for the next year.

The Florida Supreme Court ruled that the initiative was misleading, violated state law, and shouldn’t be placed on November’s ballot.