Sell side

UBS Wealth Management Americas started to fill openings in its newly revived public finance business, with 19 employees joining the firm.

Opponents withdrew petitions for a threatened referendum that had stalled plans to issue bonds for the Quicken Loans Arena rehab.

Advantages in price, execution, transparency, and liquidity run up against the market's reluctance to change.

Consolidation and technology are among the changes navigated by the Baggotts of Executive Search Placements.

Volume in the primary municipal bond market is expected to decline to fewer than $4 billion of bonds issued, a typical slowdown following a holiday weekend.

The UT system will offer investors a choice of taxable or tax-exempt debt as it prices $600 million of bonds.

Volume shrank from August 2016, when the market was on a record-breaking run.

A firm deploying a direct-to-buyer bond technology platform was among the co-managers.

The state priced a pair of GO offerings, one sold through negotiation and the other competitively.

Primary municipal bond market volume is expected to perk up to $6.9 billion in the coming week, more than one-third of it in a single deal from the Golden State.

The new hires will bolster the firm's P3 and high ed/healthcare teams.

Primary market volume in California and the Far West region rose in the first half even as the national figure was down.

The former New York State Environmental Facilities Corp. chief financial officer will head fixed income capital markets for the firm.

The city priced refunding bonds for Philadelphia Gas Works.

A big drop-off in Texas and a decline in refundings took a bite out of the municipal bond business in the Southwest.

The state of Texas is riding into the market this week with the biggest short-term deal of the year.

The municipal market got off to a fast start in terms of issuance this year, picking up in January right where it left off from 2016’s record-setting totals. However, the pace of issuance has since slowed, leaving 2017 first-half volume lagging last year's levels.

Short-term note issuance rose less than 5% in the first half of 2017 as municipalities relies less on cash flow needs.

Although market conditions and a still relatively low interest rate environment continue to hamper the bond insurance industry, there continue to be encouraging signs including a slight uptick in the insurance penetration rate.

The $560 million deal is expected to sell later this month.