Refunding bonds

Moody’s Investors Service revised the outlook on its Aa2 rating to negative ahead of the $96 million deal.

Upfront savings from the $371 million deal will improve liquidity for the authority after the coronavirus-caused traffic downturn.

The airport will sell $925 million in a deal structured to lower short-run debt-service outlays as it manages through the coronavirus-driven air travel decline.

Advance refunding, direct-pay bonds, and increased limits on bank-qualified bonds would be among the muni-friendly tax provisions that have a good chance of becoming law if Democrats control both chambers of Congress.

With its credit ratings intact after the economic blow from the pandemic, Dallas will go to market with $293 million of bonds.

The Florida Cabinet approved new money and refunding bonds, some of which may be sold as taxable debt with advance tax-exempt refundings no longer possible.

Facing a revenue disruption over next two years, the Harris County-Houston Sports Authority will ease cash flow pressure with a $100 million refunding.

The city's full-court press on investors includes a webinar to replace pre-COVID-19 investor luncheons and one-on-one calls ahead of the $1.24 billion deal.

Rep. Richard Neal was the lead architect of the muni-friendly provisions in the Moving Forward Act which passed the House in July.

Municipal bond issuers in the Southeast sold $27.7 billion of debt, down 7% year-over-year as the region saw fewer big transportation and prepay gas deals.