Refunding bonds

The city is pricing the bonds the week of Feb. 10 for an anticipated $7 million in savings, according to city debt manager Betsy Hruby.

While munis are a focus in the infrastructure proposal, the likelihood of coming to fruition is debatable.

House Democrats want restoration of Build America Bonds and advance refunding for municipal bonds to be key parts of their infrastructure plan.

The $760 billion, 5-year plan also calls for expanding qualified private activity bonds, reinstating tax credit bonds, and more bond-friendly provisions.

The deal comes as the state's transportation plans will shift to rely more on cash than on commission borrowing going forward.

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.