Refunding bonds

The $779 million refunding will capture present value savings while pushing off some debt repayments for budget relief that Fitch called "reasonable."

Among NABL's asks from Congress is to introduce a direct-pay taxable bond program through a new proposed bill.

Public finance advocates are focused on the reinstatement of advance refunding and higher limits on bank-qualified issuance.

The package calls for reinstating advance refunding, Build America Bonds and tax credit bonds.

NABL suggested that the federal government be allowed to purchase new issues of tax-exempt bonds.

Speaker Nancy Pelosi, D-Calif., said the next package will make up for shortcomings that haven’t been addressed such as the insufficient aid to state and local governments.

Schools in 39 states had closed by Wednesday.

GLWA has the flexibility to come to market as early as this week, but is monitoring the market in light of the COVID-19 impact.

Issuers of all sizes are taking advantage of the expanding taxable investor base — from institutions to international to SMAs — as the muni market evolves.

The $5.2 billion Buckeye Tobacco Settlement Authority deal will restructure the debt service schedule, returning the Ohio credit to investment-grade.