Securitization

Muni volume gets a boost during the Thanksgiving holiday week as one of the nation's biggest issuers comes to market with a type of deal that may be banned after this year under pending tax reform legislation.

The municipal bond market is looking ahead to the Thanksgiving week’s $4.2 billion new issue calendar, which is headlined by the New York Metropolitan Transportation Authority’s $2 billion green bond offering.

After a busy week filled with many new deals, the municipal bond market is looking ahead to the Thanksgiving week’s calendar, which is headlined by the New York Metropolitan Transportation Authority’s $2 billion green bond offering.

The Chicago Board of Education lowered borrowing costs as it returned to the market on Thursday, selling $1.03 billion of general obligation bonds.

The Chicago Board of Education made a second run at the primary market on Thursday as it returned to offer $1.03 billion of general obligation bonds to muni buyers.

The Chicago Board of Education makes a second run at the primary market on Thursday as it returns to offer $857 million of general obligation bonds to muni buyers.

The Illinois Tollway's $300 million deal and the first part of the Chicago Board of Education’s $922 million bond offering came to market on Wednesday. In secondary trading, municipals were stronger on the day.

The first part of the Chicago Board of Education’s $922 million bond offering came to market on Wednesday as the board’s $64.9 million of dedicated capital improvement tax bonds were priced.

Two big deals from Illinois issuers are scheduled for sale on Wednesday as the Chicago Board of Education gets set to hit the market with the first part of its double-barreled offering and Illinois toll bonds are slated to be priced.

Competitive sales from the states of Washington and Wisconsin and negotiated deals from New York and Illinois issuers dominated Tuesday’s new issue slate.

Chicago officials want to highlight the distinctions between the highly rated new securitization and the city's general obligation bonds.

Competitive sales from the states of Washington and Wisconsin and negotiated deals from New York and Illinois issuers dominated Tuesday’s new issue slate.

New York and Illinois deals top Tuesday’s new issue slate as municipal bond traders get ready to gobble up some deals in the primary.

Developments on the tax reform front were not far from municipal bond traders' minds as they saw the first of the week’s new issues hit the screens on Monday.

Estimated total bond volume for the week is $9.897 billion, which consists of $6.644 billion of negotiated deals and $3.253 billion of competitive sales.

Municipal bond traders will see a chunky new issue calendar this week as the market’s focus will be on Washington, where Congress will continue to work on tax reform legislation.

The municipal market will get another healthy dose of issuance in the final full week before Thanksgiving. The calendar is chock full of deals from Illinois, as all issuers look to price bonds before the tax laws change.

Municipal bonds were markedly weaker at midday as market participants remain fixated on the newly released Senate tax reform proposal and how it compares with the House version.

Municipal bond market participants are scanning the news closely for details of tax reform provisions that affect them.

The last of the week’s big municipal bond deals came to market on Thursday – both from California issuers – as municipals finished weaker in secondary trading.