Sell side

Its $125 million taxable social bond follows a $1 billion Ford Foundation deal as part of a multi-foundation pledge in response to the COVID-19 pandemic.

Lauren Sobel, a municipal bond analyst at Bank of America, died in a rock climbing accident in Gardiner, New York.

The authority's issue will also provide new money to help finance renovations at the state's historic capitol building in Lansing.

Hector Matos brings years of experience as a Texas school finance expert and Citigroup banker to Raymond James' new San Antonio office, the firm said.

Huntington says the Michigan team that came over from Hilltop has experience covering local school districts and governments as well as the state.

The Federal Reserve reduced the interest rate spread on MLF tax-exempt notes by 50 basis points for each credit rating category.

Minority and women-owned business enterprises will now comprise 33% of city GO bond and Transitional Finance Authority book-runners and 40% for New York Water.

Failure to aid one could hurt the others, according to the state comptroller's review of the city's financial plan.

The drop in tourism amid the coronavirus pandemic has resulted in a downgrade of Hawaii's ratings by Moody’s Investors Service affecting $9 billion in outstanding debt ahead of the state’s plans to price $900 million of taxable bonds Wednesday.

Municipal issuers continue to swarm the muni market with taxable muni deals, as July accounted for $42.6 billion — the highest total for the month since at least 1986.

The Metropolitan Pier and Exposition Authority named underwriters and a team to sell up to $200 million of bonds to manage pandemic-driven revenue losses.

Their suit against 11 bond underwriters will be heard in a local, rather than federal, court, the lead judge said Wednesday.

Major deals that produced record savings have enhanced the firm's credentials among municipal bond senior managers in Texas.

A COVID-19-driven decline in lottery revenue led Oregon postpone a $302 million bond sale because the deal wouldn't meet an additional bonds test.

The authority realized $67 million in savings on its refunding.

The $16 million, small-denomination offering, to finance projects with climate and environmental benefits. is modeled after World War II Series E bonds.

Washington State pulled a note deal after a glitch resulted in two-thirds of bidders not seeing a couponing instruction.

Despite the coronavirus wrecking havoc all over the world and with the brunt of the damage occurring in the second quarter of the year, municipal bond issuers have sold just over $23 billion more than they did at this time last year.

The top 10 saw three firms that were not in it last year and only one firm remained in the same position compared to the previous year's first six months.

They contribute more than $77 billion annually, or 9.4% of city economic output, according to the city comptroller.