Refunding bonds

The university plans to price $118 million of new money and refunding bonds this week, and to close the refunding deal in September.

The Volunteer State lowered the savings threshold it requires for a refunding.

Muni issuance will pick up next year, said George Friedlander, managing partner of Court Street Research Group.

Proceeds of Charlotte, N.C.'s deal will refund debt issued in 2008 and prepay a bond-anticipation note.

It's important and constructive to talk about these kinds of alternatives to advance refundings, market participants said.

The new tax law that terminated advance refundings of bonds after Dec. 31, 2017, does not specify that only "tax exempt" refundings are prohibited.

Bond Dealers of America urges the House Ways and Means Committee to take up and pass a bill that would restore advance refunding bonds according to prior law.

The nonprofit hospital chain expects significant savings even though it must issue taxable debt to refund tax-exempt bonds.

Congress' deficit-raising actions have made it more likely that munis would be targeted for cuts to raise revenues in infrastructure or other future bond-related legislation.

Chicago Public Schools officials say the deal won't include any scoop-and-toss restructuring for budget relief.