Sell side

With plenty of cash looking to go to work, investors are not loving the calendar or what small allocations they will be allotted as we draw near the end of tax season.

California finds itself in a familiar spot, with the most muni issuance through the first three months of the year. The rest of the rankings show a mix of usual suspects and new faces.

Municipal underwriters jockey for position as business increased 21.9% from the first quarter of last year.

Owners of the privately owned passenger train project plan to ask the Florida Development Finance Corp. to approve more bonds Friday.

All of Hilliard’s municipal advisors and associates agreed to join Baird, expanding its presence in the public finance sector.

RBC Capital Markets hired Carlos Pineiro from Goldman Sachs, as a Managing Director in Chicago.

After two months of gains from 2018 levels, municipal issuance sank 7% from March last year as the loss of advance refundings continues to take a toll.

The massive New Jersey and New York agency announced a new underwriting pool for its plans to issue $8 billion of bonds over the next three years.

Chicago and Illinois poured more than $1 billion of their high-yielding, low-investment-grade rated GO paper into the market on the same day.

Ila Afsharipour will be based in San Francisco.

Its $1.5 billion unrated deal will be sold to qualified institutional buyers to finance Florida’s privately owned passenger train project.

Private placements and direct bank loans allow more direct investor communication for issuers of all stripes, advocates say.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.96 from 3.99% the week before.

Federal transportation officials authorized another $950 million in private activity bonds for Brightline, also known as Virgin Trains USA.

The Bond Buyer will be rolling out some changes to how we cover and communicate with the professionals and the leaders who work in and around municipal finance.

Preston Hollow's accusations against Nuveen of bully tactics underscore the cutthroat competition for market share.

In the week ended March 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.99% from 4.04% the previous week.

D.A. Davidson will expand its presence in Oklahoma and Texas with the acquisition of Wells Nelson.

Chicago's CFO says investor outreach will stress fiscal controls that make it difficult for the city to backslide on its progress under Rahm Emanuel.

Scott Mitnick, who was county administrator of Sutter County, California, will be a director at financial advisory firm KNN Public Finance.