Sell side

Finance commissioner Jacques Jiha will succeed Hartzog, Mayor Bill de Blasio announced.

Memphis, Tenn-based FHN, a division of First Horizon Bank, announced Wednesday the hiring of two municipal bond veterans to its New York City team focusing on infrastructure in Evan Levine and Crystal Mullins.

New York MTA inspector general rails at lax contractor evaluations

Annual debt service could spike to $4 billion by 2024, or up 55% since 2019, making up 24% of the agency's total revenues, Thomas DiNapoli said.

Municipal bond issuers are coming market at a 26.2% faster pace than they were at this point last year.

Municipal bond underwriters are on pace to easily surpass last year's total, despite the COVID-19 pandemic. Top bookrunners have accounted for a total of $328.60 billion through the first three quarters of the year, up from the $267.91 billion in the first nine months of 2019. The top five saw small changes compared to a year ago, while spots six through 10 saw more of a mix.

The company's upcoming $3.2 billion deal marks the largest sale of unrated debt in the muni market.

The firm hired seven new senior-level bankers in its fixed income division.

Five specialists from the former BB&T Capital Markets, now part of Truist, are moving to Hilltop Securities.

With Congress gridlocked over the coronavirus rescure package, the nation's largest trasit authority may have to look for other options.