Sell side

Gov. Paul LePage's post-pricing intervention to block the closing of $113 million of GO bonds may increase Maine’s future borrowing costs.

Education banker John Baracy has opened Raymond James’ first public finance office in Los Angeles.

The firm is expanding at its St. Louis headquarters, where it says it wants its sales professionals to be housed.

Morgan Stanley won the auction for both tranches of $261 million of debt.

The authority, one of the largest municipal issuers, will substitute a Bank of Tokyo-Mitsubishi letter of credit with State Street.

State officials intend to come to market with $225 million of Commonwealth Transportation Fund revenue bonds.

Mayor Bill de Blasio and the City Council face a raft of uncertainties about their third straight early budget.

Fiscal restraints under a new bond covenant contributed to strong demand for a state GO sale, said state Treasurer Denise Nappier.

Munis will see more than $5 billion of new supply, with the Federal Open Market Committee set to meet next week and raise interest rates again.

Diverging economies and operating predictability shape the differences between the New England neighbors, said S&P.

The $1.2 billion in bonds are being sold through a conduit by a P3 developer.

Spending restrictions attached to a $500 million GO sale have triggered discussion over their effects on the state’s wobbly ratings.

New money deals helped issuance rise for the third straight month in May.

The market’s performance amid this week’s volatility shows many municipal investors are in it for the long haul. They need that coupon.

The holiday-shortened week with the usual accompanying low issuance shouldn’t overwhelm demand, putting the municipal market in a good spot at midyear.

Veteran banker Michael Placencia will lead the firm's transportation and infrastructure efforts.

The investment bank attributed the exit of 15 from the public finance team to market conditions and a strategic review.

Seattle is among governments that have lifted sanctions against Wells Fargo following a 2016 fraud scandal.

Bell, a public finance investment banker, founded the Charles A. Bell Securities Corp.

Municipal volume will sink to $6.36 billion, with the California issuer responsible for a third of the week’s paper.