Public finance

Philadelphia seeks lost property tax revenue from Wells Fargo in a lawsuit alleging discriminatory lending.

The city of North Augusta completed its Installment Purchase Revenue Bond transaction for Project Jackson on Tuesday, according to a news release from City Administrator Todd Glover.

The merger of two Twin Cities area not-for-profit hospital systems is expected to close June 1.

The cases will be jointly administered, meaning paperwork and other day-to-day matters will be consolidated, but will remain legally separate for now.

Puerto Rico’s debt reorganization hearings began with a decision by Judge Laura Taylor Swain to consolidate administration of two existing filings affecting about $30 billion of bonds.

Municipal bonds were substantially stronger along with Treasuries as stock swooned on growing political unrest in Washington, D.C. Meanwhile, the District of Columbia hit the primary market with over $500 million of general obligation bonds.

S&P Global Ratings has revised the outlook on Nassau County, N.Y.'s general obligation (GO) debt to stable from negative.

State pension changes cleared an Illinois House committee Tuesday but their fate is uncertain.

The municipal bond market is set to see more volume come their way on Wednesday, led by a large sale from the District of Columbia.

Pricing wires for competitive bond offerings

Pricing wires for negotiated bond offerings

California’s Chamber of Commerce wants further court review of the state’s cap-and-trade auction.

The Hudson Yards Infrastructure Corp. will offer $2.19 billion of second indenture revenue bonds for sale the week of May 22.

S&P Global Ratings says stock market gains will boost California revenues in fiscal 2018.

Municipal bonds ended stronger on Tuesday as Morgan Stanley priced the Los Angeles Unified School District’s $1.08 billion of general obligation refunding bonds.

Kansas City International’s three terminals would be replaced by a new $1 billion P3 facility.

RBC Capital Markets hired David Utz, formerly of Goldman Sachs, as its managing director and head of its U.S. infrastructure team.

Illinois and its local governments will all suffer if the state is downgraded again, Nuveen warns.

California's state controller wants a new governance policy for the state Board of Equalization.

California's senior senator vowed to oppose DOT nominees until Caltrain funding is released.