Munis

The top 10 healthcare issuers accounted for $11.52 billion in 52 deals in the first half of 2024 as the sector deals with rising costs and staffing shortages.

Orrick Herrington & Sutcliffe was the top bond counsel, accounting for $42.15 billion in 277 issues for an 11.3% market share.

RBC Capital Markets was the top underwriter for healthcare issuance in 1H

The Central Ohio Transit Authority's half-cent sales tax increase will back up to $500 million of revenue bonds.

Voters approved at least 168 local school bond measures for $42.8 billion, according to preliminary tallies, but dozens of bond requests will fall short.

The turnpike plans to sell $1 billion of revenue bonds in 2025's first quarter to continue funding for an expansion project now estimated to cost $8.2 billion.

"If the GOP wins the House, the specter of risk to the municipal bond tax-exemption will increase," said Edwin Oswald, a tax partner at Orrick Herrington & Sutcliffe in Washington D.C.

With the rollout of a new final EPA rule, Midwest municipalities are seeking ways to finance lead pipe replacement efforts, including through revenue bonds.

Northern Illinois University is going to market with $62 million of certificates of participation to finance energy-saving projects affecting 50 buildings.

Issuers in Southwest states led by Texas are hoping voters will approve billions of dollars of bonds in Tuesday's election.

It is the largest measure bond measure the nation's second-biggest school district has ever put before its voters.

October's roundup of pressing items in the bond markets includes a spate of lawsuits involving municipal bonds, issuers weighing in on the Financial Data Transparency Act and more.

The Philadelphia-based university straddles the higher education and healthcare sectors, but market demand suggests it's greater than the sum of its parts.

The Payson Town Council rescinded its approval for $70 million of bonds targeted by a lawsuit filed in September.

Fitch Ratings ranks the credit as AA, up from AA-minus.

The increase in the muni market's size, number of novel credits and retail investors suggest it's "finally time" for direct SEC regulation, argue market veterans Kent Hiteshew and David Dubrow.

Pressure on the state budget level is being felt by both the University of California and California State University systems.

The month's total is above the 10-year average of $40.288 billion. The market needs to see about $45 billion of issuance in November and December to hit an all-time record year.

California's measure to lower the threshold of voter approval for bond measures will impact future transportation funding.

The 10 largest issuers of electric power issuance in the first half of 2024 accounted for $8.224 billion.