Public finance

The New York City Municipal Water Finance Authority is tapping the market for the second time in two months, this time with a $600 million refunding.

An Oklahoma agency is borrowing $1.15 billion through an unrated tax-exempt Public Finance Authority bond deal to build and equip a tire factory backed by Finnish interests.

Municipal bond issuance for the week of March 24 is at $7.923 billion, with $6.673 billion of negotiated deals and $1.251 billion of competitive deals on tap.

The Chicago Public Schools ended the week no closer than it started to answering the question of how or if a scheduled pension payment will be made.

The Los Angeles-based fund manager has expanded into debt financing to offer affordable housing developer clients a lower cost of capital.

Separately managed accounts have exploded in the muni market in recent years but high-yield SMAs remain rare.

The governor is calling for a freeze on planned cuts to individual and corporate tax rates.

Most of Thursday's issuance came from competitive deals, the largest being the Dormitory Authority of the State of New York with $2 billion-plus and California with $889 billion.

The bonds, which are expected to sell soon, are rated A1 by Moody's Ratings.

Natural disaster disclosure warrants 'a special focus,' NFMA's 2025 chair says.

Mayor Karen Bass and her budget chief say the city faces a $1 billion budget gap and will need to rethink the way Los Angeles operates.

The series 2025B Black Belt Energy Gas District bonds are rated Baa1 by Moody's Ratings based on Deutsche Bank's key role in the transaction.

Firms like Siebert Williams Shank and Huntington have begun stacking their benches with municipal finance talent amid tax exemption uncertainty.

Judge Laura Taylor Swain also approved the mediators hiring PJT Partners to be their financial advisor.

Wednesday marked the first trading session that saw cuts more than a basis point or two in spots since last week's extended selloff.

The U.S. Department of Transportation is pressing public transit agencies to beef up their commuter safety protocols or lose federal funding while the recently passed continuing resolution raises appropriation levels for the sector by less than a half percent.

The city council approved the private placement of up to $325 million of notes to commence funding for a $1 billion convention center expansion project.

Fitch Ratings cited the San Diego-area health district's ongoing fiscal woes in dropping its rating to B-minus from B and revising its negative watch to a negative outlook.

The slowdown of growth in the fourth quarter does not imply there is dwindling demand for munis, said Pat Luby, head of municipal strategy at CreditSights.

As major airlines report losses and scale back forecasts, Cleveland is preparing to go to market April 2 with $125.5 million of revenue bonds for its airport.