Sell side

The municipal bond market will be ready and waiting for the $7 billion of new issuance, including the first billion dollar deal in nearly five weeks.

Dominick Mondi will remain president of the firm's capital markets division.

His two-decade career as a California elected official has given him a reputation as a fiscal policy expert.

Monthly new-issue volume surpassed the $30 billion mark for the fourth time this year in August, helping keep third-quarter issuance close to last year's pace and potentially setting the stage for a more robust season of issuance in the Fall.

As cities continue to build upon their fiscally stable condition, a Michigan Senate bill was introduced that could hamper the continued growth and force residents – all taxpayers – to pay more for daily services and infrastructure, while limiting the ability of municipalities to finance vital capital infrastructure including roads, bridges, schools and more.

The Florida Development Finance Corp. will issue $1.75 billion of bonds for the privately owned passenger train project.

The Florida Development Finance Corp. will be asked to be the conduit issuer for $1.75 billion of PABs on behalf of the project's private owners.

The Little Rock-based firm added Matthew Johansen as a senior vice president.

The organization chose Karen Daly, Emily Brock, and Lori Schreckengost to receive the annual awards.

Citi's assessment is conditioned on pension obligation bonds being part of a package to tackle the city's pension liabilities.

Two of three sales in Connecticut’s recent bond offering set record retail orders, said state Treasurer Denise Nappier, while spreads continued to drop.

Volume was off in eight of the region's 11 states in the wake of tax reform and the end of advance refundings.

One of Baird's new bankers expands its presence in the Chicago region.

Bond volume in the region fell sharply in the first half of 2018, though one expert saw the 16% drop as better than anticipated.

The State Bond Commission barred the banks from upcoming Garvee bond deals, and said its action may apply to other state bond issues.

Northeast municipal bond issuance sank 11.7% in the first half of 2018 compared to a year earlier, reflecting a national trend driven by federal tax changes.

Chicago is accepting request for qualification submissions to supplement the members of its existing pools.

Studies of the pricing benefits of the two approaches have been far from conclusive.

S&P last week downgraded the transportation authority, citing weak debt-service coverage.

The state expects to come to market with an $889.1 million general obligation sale in three tranches.