News Results

Investors will be greeted Monday about $6.4 billion of new issuance led by triple-A Georgia general obligation bonds and Los Angeles notes.

The acquisition of Cancer Treatment Centers of America in February was cited for the downgrade along with City of Hope's financial weakness over the past two years.

The laws raise borrowing costs for issuers and limit the distribution networks, according to a study.

The finance team is already lined up for the first of multiple issuances of bonds to help launch the first phase of the $9.5 billion New Terminal One project.

It's the third time this month that the SEC has announced charges against city officials for disclosure-related violations.

The mall's developer was late paying funds used to support $800 million of municipal bonds, requiring a draw on reserves to make an interest payment.

Monday's massive selloff contributed to investors pulling more out from the mutual fund complex. Exchange-traded funds saw $1 billion of outflows and high-yield investors yanked out $1.7 billion.

Loop Capital Markets has hired veteran managers to lead its transportation and housing groups while adding to its Texas banking presence.

The Kenmore-Town of Tonawanda Union Free School District in Erie County, New York will pay $17.5 million to 35 victims who sought compensation under the state?s Child Victims Act.

More big cuts will be needed to keep supplies from reaching perilously low levels, the Bureau of Reclamation's leader told a Senate committee this week.

The Oversight Board has issues with the joint resolution.

The 75 basis point hike, prompted partly by hotter-than-expected inflation data, is the largest since 1994.

The market veteran with more than 30 years of experience will lead the origination of municipal debt on the firm?s blockchain platform.

The move to take back local control came a few months after new leadership took the helm at the airport.

M. Elizabeth Reich has resigned as Dallas? chief financial officer after almost six years and will be replaced by Jack Ireland, the city?s budget director.

As interest rates rise and muni yields trend higher, the Peach State is set to competitively sell its triple-A rated municipal bonds.

Maui County's mayor now has to approve or veto the budget before the start of the fiscal year on July 1.

The Securities and Exchange Commission has charged the City of Rochester, New York, its former finance director, former CFO and their municipal advisor with misleading investors in a $119 million bond offering.

Triple-A yield curves rose five to eight basis points. Volatility somewhat eased Tuesday as investors took pause ahead of the Federal Open Market Committee meeting.

The Senate Finance Committee on Tuesday brought small business leaders together to discuss the pitfalls of complying with dozens if not hundreds of local tax regimes.

Talks between original holders and a law firm over potential securities fraud litigation did not pan out, and trustee UMB NA has canceled all the bonds.

The departure comes amid Spanish reports that financing for what aims to be the nation's first bullet train is "in hibernation."

The 25-basis-point move to higher yields is the largest one-day change in triple-As since March 2020 when COVID began roiling markets. Munis could not ignore a continued selloff in UST led by inflation and recession concerns.

Phil Culpepper brings his experience as a public finance banker and Illinois' former debt manager to the table at the fully veteran-owned firm.

Analysts uncertain about the timing and cost savings as FAFAA names syndicate for possible refunding.

Negotiations over a new home for the Coyotes and related multi-use development are underway in Tempe after the team was exiled from nearby Glendale.

The Oklahoma Turnpike Authority took action on Thursday to head to the state Supreme Court to validate $5 billion of planned bond issuance.

The final budget sets aside about $8.3 billion in budget reserves, which bring them to the highest level in the city's history.

Ahead of the FOMC meeting, municipal issuers pull back. Investors will be greeted Monday $2.880 billion of new-issue supply.

More firms are revising issuance projections downward due to lower refunding and taxable volumes. Many participants say it is unlikely the market will hit issuance records reached in 2021 and 2020.

The Long Island county has scheduled a competitive sale Tuesday for $241 million of Series 2022A tax-exempt general obligation improvement bonds.

A survey shows local business owners are more pessimistic than they were six months ago.

Refinitiv Lipper reported $2.094 billion of outflows, reversing the $1.216 billion of inflows from the mutual fund complex.

The Cleveland-based university's 100-year taxable bond landed at a 5.4% interest rate.

Phoenix may end a GO bond drought with a plan to ask voters next year to approve $500 million of debt to fund projects in the growing city.

Bridger Aerospace plans to sell $160 million in unrated taxable revenue bonds, with a verified sustainability designation, through conduit Gallatin County.

Hardy Manges brings three decades of experience in municipal trading to the national, full-service investment bank, brokerage and advisory firm.

The Investment Company Institute reported investors added $1.090 billion from muni bond mutual funds in the week ending June 1, up from $4.367 billion of outflows in the previous week.

The referendum passed Tuesday by a 70% to 30% margin an an election with miniscule turnout.

CPS' federal windfall aided the district's fiscal progress with plans to use $700 million in the next budget before exhausting the pot in fiscal 2025.