Munis

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.

An increased debt load compared with its peer schools drove a downgrade to Barnard College ahead of a new borrowing.

The proceeds of the bonds were used for the construction of a 232,100 square foot residential facility with 108 living units located on the main campus of an existing facility in Dallas known as The Overlook.

Wisconsin's latest and historical financials, ratings, offering statements, and contacts are now available at Wisconsinbonds.com

The California Debt Limit Allocation Committee wants more information on the request for $600 million of private activity bond allocation.

Buy side analysts are skeptical about broker-dealer concerns that the order could greatly expand the private placement market.

Chicago GOs were upsized and repriced on Wednesday to bump yields as indications of interest were taken on the Sales Tax Securitization sale.

The median time it takes for municipal bond borrowers to complete their annual audits was 156 days for fiscal 2018: equal to the slowest time in the past 11 years.

Indian River County won’t pursue the federal litigation further, but it will proceed with a lawsuit in state court over the use of its railroad crossings.

The Securities Industry and Financial Markets Association survey indicates low interest rates will keep the environment for issuing debt favorable.

A healthy response to Chicago's first tender invitation is expected to bolster the savings on $1.47 billion of refinancing debt the city sells this week.

University's parking project is part of the first phase of its 10-year capital improvement project.

The state prosecutor for the Jacksonville area said the probe into the city-owned utility has been turned over to the federal justice system.