Sell side

Municipal underwriting fixture, Jaime Durando, announced his retirement from the industry after more than 30 years.

Enrollment and inflation-adjusted net tuition trends are negative.

Investment bank expands with three former Citigroup muni veterans at the helm.

The strength of the California economy suggests it deserves higher ratings, CreditSights said, but slowing revenues could mean the state's credit has peaked.

The two hires boost Bancroft's muni staff to 11 in offices in Dallas, Fort Washington, Pennsylvania, and San Mateo, California.

Steve Genyk, head of middle markets, will assume leadership of the public finance team on an interim basis, the firm said.

With interest rates expected to keep rising, the deal will tap all of the remaining authorization from the $3.5 billion Rebuilding Michigan bond program.

The Puerto Rico Oversight Board is seeking the return of fees connected with Puerto Rico bonds and swaps.

Fiona Ma delivered speeches Monday at The Bond Buyer California Public Finance conference and California Debt and Investment Advisory Commission pre-conference.

Monday's opening panel of The Bond Buyer California Public Finance conference in Los Angeles was an insiders' look at muni market challenges and opportunity.

Some Texas lawmakers are pushing legislation that could ensnare muni investment banks offering company funded access to out-of-state abortions for employees.

The 30-member syndicate plans to begin retail order pricing Wednesday with institutional sales planned for Sept. 8 on the new money and refunding GOs.

The veteran-owned and operated firm complements its continued growth with experienced public finance professional to oversee Southeast banking.

Raul Amezcua, who once led Stifel's California and Arizona banking teams, hired several key bankers at Ramirez & Co. since joining the firm early last year.

The finance team on the Western Placer Waste Management Authority deal hopes to benefit from an improving market with increased inflows.

Spreads on underwriting municipal bonds dipped to below $4 per $1,000 on issues in the first half of 2022 due to heavy competition and a shrinking volume of deals — the lowest figures reported in two decades.

Raymond James has brought two retired school superintendents on board in Kansas City to bolster its Missouri K-12 practice.

The bank in recent months shuttered its muni proprietary trading unit — which used the firm’s own cash to trade and invest — as part of a push to focus on providing more of its balance sheet to larger, institutional clients, according to people familiar with the matter.

Loop Capital Markets has hired veteran managers to lead its transportation and housing groups while adding to its Texas banking presence.

Phil Culpepper brings his experience as a public finance banker and Illinois' former debt manager to the table at the fully veteran-owned firm.