Refunding bonds

With Democratic majority, Rep. Richard Neal of Massachusetts, a supporter of tax-exempt bond financing, would chair the Ways and Means committee.

The state is ready to go with a $362 million forward refunding of appropriation-backed debt.

Recently announced streamlining and rumored budget cuts and layoffs at SIFMA are causing market participants to worry about its commitment to municipal securities.

Connecticut must deal with a timing discrepancy between a bond covenant and a legislative amendment intended to loosen its restrictions.

The not-for-profit university closed on a $195 million privately placed refunding that eases debt service demands.

The Internal Revenue Service has taken no action regarding tax-exempt refunding bonds that were issued for Gettysburg College in 2010, after closing an audit that appears to have been randomly initiated.

Officials said the deal was undertaken to simplify the Valley Transportation Authority's debt portfolio.

House Republicans want to make permanent the $10,000 cap on state and local tax deductions and the lower tax rates for individuals, both of which are due to expire at the end of 2025.

The report found that 61% of the 341 finance officers who participated in the survey anticipate negative future impacts on their city's financial health from the termination of advance refundings, while 35% said they already have seen negative impacts.

The GLWA will sell $400 million of new money and refunding water and sewer revenue bonds next week.

Illinois offered top yields to draw strong demand for its $966 million general obligation refunding.

New Mexico found a no-cost escape route from troublesome swap agreements with a $67 million termination fee.

Citizens Energy Group's water enterprise earned upgrades by the three major rating agencies.

Tax Reform 2.0 would make permanent the lower individual tax rates in last year’s Tax Cuts and Jobs Act that are scheduled to expire in 2025.

The black box gang has always mistaken complexity for sophistication in the realm of financial modeling.

The audit could be part of an ongoing initiative by the IRS to examine refunding bonds, said a lawyer.

Kalotay faults the Municipal Securities Rulemaking Board and U.S. Securities and Exchange Commission for not requiring training in options-based analytics as part of their certification of municipal advisor representatives.

A large share of the refundings that saved the city hundreds of millions of dollars wouldn't be possible now that advance refundings are eliminated, a city official said.

Bond proceeds, approved in a 2016 measure, will be used for programs to aid homeless people.

The junk-rated city is eyeing a return to market without a state backstop, but there is no timeline.