Jefferson County sewer refunding, Washington BABs refunding, DASNY mega deal led Q1 2024

The Dormitory Authority of the State of New York headlined the top 10 issuers in the first quarter of 2024 with a near $3 billion deal in March.

DASNY, Washington (Build America Bond refunding), (January general obligation deal), Jefferson County, Alabama, (massive $2.3 billion sewer refunding) and the New Jersey Education Facilities Authority (largely Princeton University debt) entered the top 10, with the last three issuers coming to market after not issuing any debt in the first quarter of 2023.

These new entrants bumped the New York City Municipal Water Finance Authority, the New York City Transitional Finance Authority, the Texas Natural Gas Securitization Finance Corp., the California Community Choice Finance Authority and the Louisiana Local Government Environmental Facilities and Community Development Authority.

Half of the top 10 issuers are from two states, with three from New York and two from California.

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