Refunding bonds

The state sold tax-exempt refunding debt at 2019 rates but won't deliver them until 2021 when the call date of the original bonds is reached.

The high-demand market environment boosted Philadelphia’s first general obligation bond deal of 2020.

Chicago’s $1.5 billion sale of general obligation refunding bonds and Sales Tax Securitization Corp. debt generated $310 million of budget savings.

Wisconsin's latest and historical financials, ratings, offering statements, and contacts are now available at Wisconsinbonds.com

A healthy response to Chicago's first tender invitation is expected to bolster the savings on $1.47 billion of refinancing debt the city sells this week.

Chicago is coming to market next week with its $1.3 billion debt refinancing.

San Francisco Public Utilities Commission officials say more green bond investors bought into its most recent deal, which carries third-party certification.

The Illinois Toll Highway Authority’s $698 million refunding eliminates its synthetically fixed debt in favor of fixed-rate paper.

Ann Arbor Public Schools, which recently won $1 billion of new money authorization, will price $55 million of taxable bonds.

The Lansing Board of Water and Light will sell $252 million to refund bonds it issued in 2011.

The city is folding together separate syndicate and advisor teams on $1.2 billion of general obligation and Sales Tax Securitization Corp. refunding deals.

The town of Waterford decided to go ahead with refunding its $15,640,000 in general obligation bonds at its recent Representative Town Meeting.

The Foothill/Eastern Transportation Corridor Agency's $892 million deal is expected to yield $100 million in present value savings.

The hospital system will price up to $1.7 billion of bonds this week, of which up to $1.4 billion would be taxable.

Some market participants worry about the viability of a key muni advocacy talking point if enough midsize issuers begin to embrace the taxable market.

Rating agencies affirmed Chicago's GOratings and the first report also out on the new junior lien Sales Tax Securitization Corp. credit.

The Metropolitan Pier and Exposition Authority, restored to investment grade by S&P Global Ratings last year, plans to sell a total of $923 million.

The university now has a stable Moody's outlook as the financial impact of the Larry Nasser sex abuse scandal becomes clearer.

The Finance Committee signed off on bond refinancing and revenue packages that are key to the 2020 budget, paving the way for a full city council vote.

Indianapolis airport is back with a refunding of notes but it is holding plans to refund variable rate debt because it no longer makes economic sense.