Public finance

Skeptical lawmakers, a new administration in Baton Rouge, and construction change orders all meant repeated delays in commercial close of the P3.

The top 10 bond counsel for healthcare deals accounted for $12.32 billion in 63 deals in the first half of 2024.

Municipals are outperforming USTs to a large degree this month, with investment grade munis seeing positive 0.81% returns in November and 1.63% year-to-date. USTs are in the red at -0.40% in November with only 0.96% positive returns in 2024.

S&P Global Ratings placed Chicago's general obligation bond rating on watch negative Tuesday, warning against heavy reliance on one-time budget solutions.

Debt issuance and public-private partnerships could be in the financing mix for projects considered by the Arizona Water Infrastructure Finance Authority.

The baseball team says the county's delays in approving the bonds set back construction and increased the costs.

Credit ratings and the role of rating agencies have changed in response to an evolving market over the past 16 years, according to speakers during an online California Debt and Investment Advisory Commission.

The agency says it will be able to fully fund its current and upcoming capital plan, despite lowered tolls. 

JoAnne Carter, managing director and president of PFM, will succeed Hartman as CEO.

"This year, with the tax-exemption clearly threatened, primary calendars should (although, of course, might not) be larger, putting a $500 billion full-year supply total in range, with $451 billion already in the books through 46 weeks," said MMA's Matt Fabian.

Extending tax cuts from TCJA is viewed as fiscally problematic.

The decision is expected to be appealed to the Georgia Supreme Court and the ruling could have implications for the muni bond industry.

The low-rated, Phoenix-based university turned to a public debt sale after refinancing maturing outstanding bonds with bridge loans.

The board is seeking one municipal advisor, one broker-dealer and two public representatives to join the board for FY 2026.

Now a Fox Business host, Duffy while in Congress sat on the Financial Services, Budget and Joint Economic committees.

The projects funded by the deal align with the city of Alexandria's goal to reduce community-wide greenhouse gas emissions 50% by 2030.

The deal, which marks the city's largest special facilities revenue bond issuance, will help finance a terminal project at George Bush Intercontinental Airport.

The wealthy city is borrowing $124.2 million through its finance authority. The bonds are backed by lease payments the city will pay from its general fund.

The cost of replacing the airport's train system has blown past its budget by $1.45 billion to $3.5 billion.

Houston is set to price Tuesday $1 billion of United Airlines Terminal Improvement Projects AMT revenue bonds while the Public Finance Authority will bring $125 million of non-rated Million Air Three General Aviation Facilities Project revenue bonds.