Sell side

The governor has formed an Office of Climate Action and the Green Economy, while committing $100 million for clean-energy initiatives that include vehicle electrification.

The firm's leaders say Hilltop Securities sees growth opportunity in municipal bond underwriting, while financial advisory services will "grow selectively."

Uncertainties include state and federal aid levels, the effects of vaccine distribution and the MTA's finances.

The California School Finance Authority has received 148 applications from districts and charter schools seeking to borrow almost $1.4 billion.

The philanthropic arm of Siebert Williams Shank & Co. announced donations to support Howard University and Spelman College.

A Pioneer Institute report cited “a persistent trend” of high-income earners leaving high-tax states for low-tax ones.

The Foothill-Eastern toll road authority in California made a tender offer ahead of a planned sale, and exchanged the bulk of the debt it wanted to refund.

Rising state-supported debt and sidestepping best practices alarm the comptroller.

The bistate agency intends to fund a build-in-place Manhattan terminal with capital funds, air rights, PILOT payments and federal backing.

While federal funds enabled the transit authority to sidestep fare hikes for now, it faces a raft of pandemic-related variables and state budget uncertainty.

She is credited with training a next generation of public finance leaders in Los Angeles and around Southern California.

Skeptics ask whether New York's governor is overplaying the Washington hand and how the state can improve its own lot.

The New York mayor rolled out his $92.3 billion preliminary spending plan with warnings about federal and state variables, more pronounced amid the COVID-19 crisis.

Prepaid gas deals were notably absent from 2020's record-breaking municipal market as COVID-19 caused market disruptions for banks that provide credit support.

In their state of the state addresses, the two governors discussed bringing in more revenues.

The Muni New Issue Upload Form was created to expand access to additional deal participants and streamline the submission process for the forward calendar.

As issuance rose in 2020, so did municipal bond insurance usage, with $34.167 billion wrapped, or 7.5% insured total issuance from almost 5.7% in 2019.

The tentative schedule includes $2.3 billion of new money and $4.6 billion of refundings and reofferings, state Comptroller Thomas DiNapoli said.

LACMA, one of Los Angeles' most prominent museums, will refund debt and move forward on construction of a building for its permanent collection.

After one of the worst sell-offs in municipal market history as COVID-19 began its rampage in March, the market rebounded to set the all-time record.