Sell side

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.

Victor Quiroga Jr. previously was a vice president at Frost Bank.

The firm sought to coerce banks that underwrite high-yield state and local government debt deals from doing business with Preston Hollow Capital, the Dallas-based lender alleged in a lawsuit.

FA Jeff Larson said the $2.7 billion in nonrated bonds are expected to price in late March.

The firm's new chief executive sees a wealth of assets, a positive employee culture, and great potential for growth.