Speculative grade bonds

The fight between the governor and the legislature over control of the beleaguered utility is heading to the local Superior Court.

An influx of investment into high-yield munis has created challenges for fund managers forced to compete against each other to get in on new bond offerings.

The authority succeeded in selling unrated bonds to take out CCC-rated bonds.

A speculative-grade deal to build on-campus housing at Santa Rosa Junior College is a first for a conduit issuer operating out of the State Treasurer's Office.

His bill follows unsuccessful efforts by the territory's Senate to increase oversight of its Water and Power Authority.

The hiring of an underwriter moves the city closer to a debt restructuring that is called for in a legal agreement with holders of defaulted bonds.

Preliminary yields in the offering memorandum show spreads of 112 to 169 basis points over triple-A benchmarks, substantially lower than spreads seen in a successful speculative grade PRASA refunding in December.

High-yield municipal bond returns are more than 6% so far in the year as Nuveen expands its reach in the sector with a new "interval" high-yield fund.

Limetree Bay Energy, the U.S. Virgin Islands' largest private-sector employer, was an important source of government revenue.

Gov. Bryan vetos bill that would have brought in a turnaround company to determine WAPA's status.