Munis

Municipals were firm on Thursday as the last of the week’s deals hit the market

Whistleblower Johan Rosenberg has alleged that the conspiracy cost issuers over $1 billion — $719 million in California, $349 million in Illinois, and $134 million in Massachusetts.

The clarification allows dozens of otherwise stalled housing projects around the nation to move ahead with financing that includes a combination of tax exempt multifamily PABs and the 4% federal housing tax credit.

California finds itself in a familiar spot, with the most muni issuance through the first three months of the year. The rest of the rankings show a mix of usual suspects and new faces.

Municipal underwriters jockey for position as business increased 21.9% from the first quarter of last year.

Focus remained on the municipal primary as more supply swept into the market on Wednesday.

Owners of the privately owned passenger train project plan to ask the Florida Development Finance Corp. to approve more bonds Friday.

Attorney Lori Lightfoot will become the city's first African American woman mayor when she takes office on May 20.

Even before Tim Sloan stepped down as chief executive of the scandal-stung Wells Fargo, the bank had already gotten back into the good graces of the biggest U.S. state.

Weakening support for Oklahoma State University led Fitch Ratings to lower its rating one notch to AA-minus as OSU prepares to issue $77 million of revenue bonds.

It's the first such deal in four years for the authority.

RBC Capital Markets hired Carlos Pineiro from Goldman Sachs, as a Managing Director in Chicago.

City officials say their citizens' buy-in will lead them to success in a sector where other municipalities struggled in competition with corporate providers.

The Public Buildings Renewal Act would authorize $5 billion in private activity bonds for the construction or rehabilitation government-owned buildings.

Municipal bond volume will fall to $5.5 billion in the upcoming week, with green deals from Illinois and Arizona.

The Illinois Finance Authority takes retail orders Tuesday on the $450 million SRF deal before pricing Wednesday.

After two months of gains from 2018 levels, municipal issuance sank 7% from March last year as the loss of advance refundings continues to take a toll.

Former college official Keith Borge was charged Thursday with defrauding municipal securities investors and concealing the school’s crumbling finances.

If the ruling holds, analysts said special revenue bonds may have to be re-evaluated based on the general credit of the issuer.

Connecticut’s GOs hit the market on Thursday as municipal buyers snapped up the last of the week’s sizeable deals.