Munis

The action was taken ahead of a bond sale for a controversial 15-year expansion program that is currently estimated to cost $8.2 billion up from $5 billion.

The president of St. Augustine University in North Carolina called the loan a "necessary evil" as it fights to remain solvent and accredited.

Most on the Street expect issuance to come in around $500 billion, but a few think volume will be much higher, primarily because of potential changes to the tax exemption. Most firms expect refunding volumes to also grow in 2025.

Operator ports, which rely on shipping volume for revenue, are more exposed to trade policy shifts than landlord ports, analysts said.

The top five bond financings came in above $5 billion.

The San Diego County-based healthcare district is at risk of "breaching financial covenants which, absent lender cooperation, could lead to acceleration of all of Palomar's outstanding revenue debt," Moody's Ratings analysts wrote.

A dispute over open meetings laws has stalled progress on UI's plans to purchase online University of Phoenix.

Experts are already predicting where the spending cuts will happen including the status of the tax exemption for municipal bonds.

S&P Global Ratings released a report this week warning that the credit trajectory of the Chicago Board of Education will hinge on several contested factors.

Nonprofit Provident Resources Group is buying a five-year old student housing building that serves the University of Central Florida and Valencia College.

Issuance of housing bonds for the first half of the year was at $22.243 billion in 357 issues, up 31.7% from 1H 2023's figure of $16.891 billion in 381 issues.

Blackstone Inc. is refinancing tax-exempt debt for a 76-story residential tower in downtown Manhattan designed by famed architect Frank Gehry.

Chicago plans to bring to market $806 million of bonds on Thursday, a refinancing deal that will help close its fiscal 2024 budget gap.

The company hopes to come to market after completing negotiations on $6 billion of senior bank financing.

Some Midwest states, notably Michigan and Ohio, dipped well below a national average that saw roughly two of every three school bond measures approved in November.

The top 10 underwriters for healthcare issuance accounted for $20.056 billion in the first half of 2024.

The top 10 financial advisors for housing deals accounted for $12.595 billion in the first half of 2024.

The trifecta of sports team exits, homelessness and city leadership turnover has placed the San Francisco Bay area city on shaky fiscal ground.

November's total is below the 10-year average of $32.278 billion and is the lowest monthly total this year. The year's total is about $25 billion short of $500 billion.

A complex refinancing continues Chicago's break from past scoop-and-toss deals but front-loads savings to help balance its budget.