Public finance

Chicago's captured a new low in recent history on tax-exempt spreads but the taxables, which were downsized by $500 million, faced a tougher road amid Treasury volatility.

Bringing on private partners early to help design a project through a progressive development agreement can reduce uncertainties and mean more accurate pricing.

Quincy officials say they are getting out front of a state directive for full local funding by 2037.

State officials will wrap up a busy year a sale that includes a social bonds component.

Municipal yield curves were little changed for the seventh straight session while Refinitiv Lipper reported the 40th week of inflows into municipal bond mutual funds, with high-yield seeing a large increase week over week.

Illinois' unfunded pension tab dropped slightly to $139.9 billion from $141 billion on an actuarial basis while the market value view saw a $14 billion cut thanks to exceptional returns.

County executives said they need to protect against flooding, sea level rise, erosion and other climate change-related damage.

"The vast majority of muni issuers are trying to do the right thing,” Zehner said. “The vast majority of underwriters and municipal advisors are trying to do the right thing.”

The Investment Company Institute reported $289 million of inflows into municipal bond mutual funds in the week ending Dec. 1, down from $965 million in the previous week.

The National Association of Counties, which has been a chief supporter of the measure, said it would renew its push in the new year.

Owner Fortress Investment Group can sell short-term debt with proceeds escrowed until the Florida conduit issuer OKs its remarketing as long-term debt.

Thirty-day visible supply drops to $13.54 billion with still a large chunk of new issues to be priced Wednesday and Thursday.

The measure would allow issuers to tap unused pandemic aid for transportation, infrastructure and disaster aid relief.

The port's operating revenue will continue to recover, enabling it to return to a total net revenue debt service coverage ratio of 1.75 times by 2023, the rating agency said.

Chicago's long-planned refinancing was led by a GO tranche priced Tuesday with spreads of 33 to 86 basis points, and follows with the Sales Tax Securitization piece Wednesday.

The municipal market is poised to absorb the late-year burst of supply as market technicals are expected to remain positive through year end.

Much of the Oregon Health & Science University deal funds a hospital expansion, but it also includes a tender exchange and a privately placed forward refunding.

Recovering from a failed public private partnership, Denver International Airport has finished the first phase of its "Great Hall" project ahead of schedule.

The sale is Babson’s first since 2017. The business-and-entrepreneurial themed private college, which opened in 1919, has about $150 million of outstanding bonds, according to its presentation to Moody’s.