Public finance

New Jersey said it expects to issue up to $4.5 billion of tax-exempt and taxable bonds the week of Nov. 18 under the COVID-19 Emergency Bond Act.

The comptroller report said New York City's reserves mitigate the need for bond financing to fund operations as the city has more in reserve funds than pre-Great Recession and Sept. 11-related recession figures.

Justin Peterson said he expects the next fiscal plan will allocate money for Puerto Rico's central government debt.

Taxables march on while ICI reports billions of inflows and secondary trading shows long-end strength.

South Carolina-owned utility Santee Cooper issued A-rated revenue and refunding bonds that achieved $134 million in net present value savings and drew $3.5 billion in orders from yield-starved investors.

The election results will be the most important effect on the municipal market for the next six months, S&P Live Market Survey says.

Judge Laura Taylor Swain also rejected a motion for a court-appointed investigation of mediation participants engaging in insider trading of Puerto Rico bonds.

As more people work from home, people could be more focused on building out broadband infrastructure.

In an all new money deal, North Carolina plans to issue debt for its Build NC statewide transportation financing program.

Low-rated Long Island county looking to tap the Federal Reserve’s lending program for an upcoming note deals if rates beat the muni market.

Municipal bonds were steady to stronger on Tuesday. Taxable issuance continues its record growth, putting overall issuance on pace to be the largest year on record.

Mayor Lori Lightfoot must manage demands from aldermen without damaging the city's ratings or investor sentiments on a coronavirus-driven budget with few fans.

The board threatened legal action if the local government continued to implement the three pension laws passed in August.

Record new issuance in 2020 in the face of dealing with shutdowns, diminishing tax revenues and political unrest shows how resilient the industry is.

Squire Patton Boggs partners Rodney Slater and Alethia Nancoo view the landscape from the ground and the skies with Northeast Regional Editor Paul Burton. Slater is a former U.S. transportation secretary. Nancoo’s practice focuses on public, private and project debt finance. (31 minutes)

A long-planned Maryland light rail system, which has encountered financial and legal obstacles, could make it tougher for large-scale P3 transit projects, according to analysts.

Municipals were in a holding pattern ahead of this week's $15.8 billion new-issue slate as issuers pour debt into the market and investors remain cautious ahead of election results.

The deal is being wrapped with insurance and $300 million of the $434 million offering is supported with the state government's moral obligation backing.

The board asked the judge to not put any deadlines on the negotiations.

The issuer hopes to expand its investor base to lure European investors with the move and will explore conducting non-deal road shows to highlight its green and ESG efforts in the municipal market.