Munis

Unlike the other first half rankings, top municipal underwriters counsel have done less business so far this year to what they did in the first half of 2018. Underwriters counsel totaled $104.89 billion in 1,622 transactions compared to $106.76 billion in 1,614 deals. Similarity to the bond counsel rankings, the leader remained that way while the rest of the rankings were muddled.

The top municipal bond counsel rankings were all mixed up from how they looked a year ago, with the exception of Orrick, which remained on top.

The two active municipal bond insurers are currently outpacing their output year-over-year in terms of industry penetration rate, par amount insured and number of transactions. Assured Guaranty and Build America Mutual have combined for $9.69 billion of insured volume spanning 798 transactions and 5.8% penetration rate so far in 2019, up from $9.06 billion in 625 deals and 5.5% insured rate the two achieved during the first six months of 2018.

The top municipal bond financial advisors are almost running on the same pace as they were last year in terms of par amount. So far in 2019 they have accounted for $137.44 billion throughout 3,512 transactions, slightly up from the $137.20 billion in 3,344 deals in the same time period the year before. The top three spots remained the same, with the Public Financial Management Group extending its lead.

Registered advisory firm Dale Scott & Co. will pay $25,000, and one firm and one individual each will pay $10,000 for acting as unregistered solicitors.

The court ruled against an interlocutory appeal by JPMorgan and other defendants accused of collusion in pricing variable rate demand obligations.

The expected decline in coal production amid pressure for climate change action demands better bond disclosure from affected governments, a new paper argues.

The Long Island township is emerging from the cloud of SEC scrutiny.

The university wants to upgrade its dormitories.

The impact of defaults by non-GO bonds was negligible to nonexistent on the ratings of GO bonds issued by the same local governments.

Gov. Gavin Newsom signed the bill to establish the wildfire fund, to be seeded with new bonds backed by an old utility ratepayer surcharge.

The education sector dominated the municipal bond market on Thursday as several big deals hit the screens.

The Kentucky Bond Development Corp. privately placed bonds with Morgan Stanley to settle outstanding obligations to KentuckyWired P3 partners.

Rep. Terri Sewell, an Alabama Democrat, on Wednesday delayed filing the bill in conjunction with a Public Finance Network event with congressional staff that highlighted the benefits of these bank private placements as well as advance refunding.

Goshen Health is structuring roughly $25 million of the bonds with a mandatory tender and $45 million more as fixed-rate bonds.

Dozens of deals hit the screens on Wednesday, with offerings from Massachusetts and New York issuers headlining the supply slate.

Persistent enrollment declines at Daemen College led Fitch Ratings to assign a negative outlook to the western New York school.

The Chicago-based firm adds to the dealer group's voice as it pushes for muni policy measures that have been stalled for years.

Mark Bonsall will take over the troubled South Carolina-owned utility and lead its restructuring and reform team.

The plan would have the state issue $10 billion of pension obligation bonds to create annual budget savings to fund road repairs.